SHENZHEN, CHINA - Media Outreach - 20 January 2023 - The year 2022 marked the 10th anniversary of President Xi Jinping's first inspection tour to Qianhai and the first anniversary of the official issuance of the Plan for Comprehensive Deepening Reform and Opening Up of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (the "Qianhai Plan") by the Central Committee of the Communist Party of China and the State Council. Committed to its mission of "relying on Hong Kong, serving the Mainland and opening up to the world", Qianhai has expedited the creation of an innovative pilot platform for deepening reform in an effort to become an exceptional hub for opening up. Coupled with its robust development trend, Qianhai exemplifies the characteristics of China's path to modernization. There were ten major events that marked the extensive reform and opening up of Qianhai in 2022: I. Reform and opening-up were proven successful with the Qianhai Plan fully implemented by national ministries and state council committees, Guangdong Province and Shenzhen Over the past year, the Shenzhen Municipal Committee and the Shenzhen Municipal Government have made every effort to promote the reform and opening up of Qianhai. As over 40% of the 72 key tasks set out in the Qianhai Plan were completed and the rest of the tasks recorded substantial progress, the development of Qianhai was proven successful and robust. II. "Nine Measures Favorable to Hong Kong Companies" were launched to facilitate closer cooperation between Shenzhen and Hong Kong On June 27, 2022, in celebration of the 25th anniversary of the Hong Kong Special Administrative Region, Qianhai launched "Nine Measures Favorable to Hong Kong Companies", which provide development opportunities and quality services for Hong Kong enterprises and individuals in nine aspects, namely housing, entrepreneurship, public service, employment, development platform, technological innovation, finance, settlement and well-being. III. Qianhai ranked first among free trade zones in China in the institutional innovation index, further highlighting its position as a business cluster of reforms and innovations On July 22, 2022, Sun Yat-sen University released the "2021-2022 China Pilot Free Trade Zone Institutional Innovation Index", in which Qianhai continued to rank first. Throughout the year, 80 out of 765 institutional innovation achievements of Qianhai in total were recorded. Among these achievements, seven were adopted and promoted nationwide, bringing the total number to 72. As such, Qianhai has become a business cluster of reforms and innovations in the new era. IV. Release of the Qianhai Global Service Provider Campaign enhanced the level of opening up To accelerate the development of a new high-quality and efficient service industry system and build an important producer services center in the Asia-Pacific region, Qianhai released the Qianhai Global Service Provider Campaign on November 8, 2022. This campaign aims to attract and nurture the top 50 global and top 20 domestic service providers in eight key segments, namely modern finance, trade and logistics, information, technology, culture and creativity, commerce, shipping and public services. It is planned to introduce and cultivate more than 300 global modern service providers by 2025, and the added value of the modern service industry is expected to be RMB100 billion or above. Capitalizing on these advantages, Qianhai aspires to become a global service provider cluster which features the world's top 500 corporate headquarters, competitive enterprises of specific business segments as well as specialised, sophisticated, distinctive and innovative "small giants". V. Breakthrough in management system reform and extensive coverage of supporting policies were achieved In March 2022, the Shenzhen Municipal Committee and the Shenzhen Municipal Government issued a plan to optimize the management system of the Qianhai cooperation zone. Based on the plan, the management powers of the Qianhai Authority, the government of the administrative zone and relevant units directly under the Shenzhen Municipal Government in the Qianhai cooperation zone are more clearly defined. This moderate separation of powers between the administrative zone and the economic zone marked a substantial breakthrough in the reform of the management system. Qianhai intensively introduced more than 10 policies in finance, trade and logistics, professional services, legal area, think tank development, technological innovation and headquarters economy. Enterprises within an area of ​​120.56 square kilometers are entitled to the relevant support. These policies have enabled not only the geographical expansion of the cooperation zone, but also the extension of its policy and service coverage. VI. Shenzhen and...