Greater Bay Area

Open innovation frontier delivers' hardcore 'report card

2026-01-08   

In the first three quarters of 2025, the added value of Shenzhen Qianhai's modern service industry reached 146.03 billion yuan, an increase of 7.9%; There are actually 10577 Hong Kong funded enterprises with a registered capital of 846.14 billion yuan; 183 Fortune 500 companies have settled in... Recently, the "Overall Development Plan for Qianhai Shenzhen Hong Kong Modern Service Industry Cooperation Zone" (hereinafter referred to as the "Qianhai Plan") celebrated its second anniversary of release. Qianhai has achieved multiple phased results in institutional innovation, opening up to the outside world, and people's livelihood integration, and has handed over a "hard core" report card. As of now, 115 of the 271 key tasks in the Qianhai Plan have been implemented. This reform hotspot is accelerating the construction of a comprehensive deepening reform and innovation experimental platform, a high-level gateway hub for opening up to the outside world, a leading area for deep integration development between Shenzhen and Hong Kong, and a high-quality development area for modern service industry, continuously releasing strong momentum. The "Acceleration of Shenzhen Hong Kong Integration" and the "Qianhai Plan" have for the first time explicitly listed the "Shenzhen Hong Kong Deep Integration Development Leading Zone" as one of the four strategic positions in Qianhai, making it the forefront and first stop of Shenzhen Hong Kong cooperation. For Professor Huang Mingxin from the Department of Mechanical Engineering at the University of Hong Kong, this is also his' blessed land '. In 2024, Huang Mingxin led a team to establish Dayi Semiconductor Technology Co., Ltd., becoming one of the first companies to settle in Qianhai Shenzhen Hong Kong Youth Dream Factory. Shenzhen has a complete industrial chain and abundant engineering resources. Qianhai has minimized the cost of entrepreneurship and launched the '1510' development model, which includes building a 1-yuan innovation square for Hong Kong enterprises and people, investing 500 million yuan to establish a fund, and providing 100000 square meters of industrial space to provide us with growth space. "Huang Mingxin said that the team has now completed angel round financing and officially entered the mass production stage, becoming the first enterprise to complete incubation. Data shows that from January to October 2025, over 80% of the newly added foreign enterprises in Qianhai were Hong Kong enterprises, a year-on-year increase of 83.8%; DreamWorks has incubated a total of 1591 entrepreneurial teams, including 1161 teams from Hong Kong, Macau, Taiwan, and internationally, with a total financing of 6.8 billion yuan for the incubation teams; 1162 overseas professionals have completed registration and practice, and the "one-stop" service system for employment, housing, education, medical care, etc. for Hong Kong people has been basically established. The livable and business friendly "Hong Kong people's living circle" is becoming increasingly mature. The feeling of home is still hidden in the details that can be seen everywhere on the streets of Qianhai. The zebra crossing is marked with "Look Left" and "Look Right", and the street sign is black on a white background, which is different from "Mainland Blue". DreamWorks has also introduced food and lifestyle service brands with Hong Kong characteristics, and dozens of Hong Kong brands have settled in, bringing a touch of Hong Kong style and charm. Like an extension of Hong Kong, but with a bigger stage, "sighed many young entrepreneurs from Hong Kong. The "experimental field" of reform and opening up, as a "special zone among special zones", dares to serve the world, which is an inherent characteristic of Qianhai. Centered around the positioning of "comprehensive deepening reform and innovation experimental platform" and "high-level gateway hub for opening up to the outside world", Qianhai continues to deepen reforms, and institutional opening-up achievements continue to emerge. Implement a "shorter" version of the negative list for free trade zones, and proactively relax market access in areas such as finance, logistics, and professional services in Qianhai; Exploring special access in telecommunications, cell and gene therapy, foreign-owned hospitals, and other fields, as well as the landing of projects such as Siemens Digital Technology in Germany, Green Leaf Medical Plastic Surgery in Singapore, and Hong Kong Shenzhen Hong Kong Cell Valley to break the ice... Nowadays, Qianhai has become one of the regions in China with the best conditions for attracting foreign investment. Our foreign-funded enterprises pay 70% less in materials, shorten the time for reward funds to be received by 90%, and achieve 'receiving funds in the same year and receiving awards in the same year', "said the relevant person in charge of Qianhai Management Bureau. Qianhai will introduce the" Foreign Investment Reward Measures "in 2024 and implement policy AI review in 2025, greatly improving the efficiency and transparency of industrial fund declaration and review. The business environment in Qianhai is top-notch in the Guangdong Hong Kong Macao Greater Bay Area, providing vast development opportunities for foreign-invested enterprises. ”Harry Saiyadin, Chairman and President of the American Chamber of Commerce in South China, stated that over 52% of its more than 2300 member companies in the region plan to open new offices in Qianhai. Data shows that from January to October 2025, the actual use of foreign capital in Qianhai reached 16.1 billion yuan, a year-on-year increase of 27.1%; 2528 new foreign-funded enterprises were added, with a year-on-year growth rate of 78.8%, totaling over 12000, making it one of the preferred destinations for many foreign-invested enterprises to enter China. At the recently held 2025 Shenzhen Global Investment Promotion Conference, Qianhai signed 40 projects with a total investment of over 170 billion yuan. The "new highland" financial leasing of modern service industry helps manufacturing enterprises "build eggs by borrowing chickens", cross-border e-commerce makes "China's good products" sell well in the world, industrial Internet provides "smart brain" for production lines, and a number of professional service institutions such as law, accounting, consulting, etc. are practicing cross-border in Qianhai to escort enterprises to the sea... Also, "high-quality development highland of modern service industry" has been added to the strategic positioning of Qianhai Planning. The modern service industry in Qianhai has achieved a 'double 80%' development level, that is, the proportion of service industry to GDP and the proportion of modern service industry to service industry have both reached over 80%. ”Shi Kun, director of the Regional Development Planning Institute of China (Shenzhen) Institute of Comprehensive Development, believes that this marks a new stage in the development of modern service industry in Qianhai. Data shows that in the first three quarters of 2025, the Shenzhen Hong Kong International Financial City will have a total of 508 financial institutions settled, including 371 Hong Kong funded and foreign-funded financial institutions; The Shenzhen Hong Kong International Legal Zone has introduced a total of 272 legal service institutions, including 62 foreign-related legal service institutions; Qianhai International Talent Port has added 7 "International Talent Partners" to join. In August 2025, Fubon Bank (Hong Kong) Limited was approved to establish a branch in Shenzhen, located in Qianhai. Qianhai is adjacent to Hong Kong, with obvious financial agglomeration effects and diverse business formats, making it an ideal area for cross-border capital flow and capital docking, "said Zhong Guoqiang, CEO of Fubon Bank (Hong Kong). Qianhai's unique advantages in cross-border finance and fintech are crucial for enterprises. In the fields of artificial intelligence and low altitude economy, Qianhai has also deepened its layout. As of September 2025, Qianhai has gathered 191 innovative carriers such as enterprise engineering centers, engineering laboratories, and technology centers, 103 national level specialized and new "little giant" enterprises, and 11 "unicorn" enterprises. (New Society)

Edit:He Chuanning Responsible editor:Su Suiyue

Source:People's Daily

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