Revolutionary Policy Support

Revolutionary policies are in place for Qianhai. The internationalisation of the Chinese currency will be available through an RMB offshore service. Corporate tax rates will be set at 15%, and, in some cases, 0%. In order to attract a high-quality workforce, certain professionals are exempt from income tax. In addition, an entirely new legal system will be in place including judges and lawyers from Hong Kong.


On June 27, 2012, the State Council approved relevant policies in the development and opening up of the Shenzhen Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone. Shenzhen Qianhai is supported in adopting pilot policies that are even more distinctive than those of the Special Economic Zones. The policy framework consists of six articles and 22 sections.

Finance

Qianhai’s financial reform and innovation are supported to build an experimental and exemplary zone that serves as a model for our financial industry as it opens up to the international community. Qianhai is being allowed to explore and expand its channels for the flow of RMB from abroad. This support for developing offshore RMB business in Hong Kong is helping to create an unprecedented experimental cross-border RMB business innovation zone. The goal is to pave a new path beyond the region on capital matters, promoting the establishment of a new management approach for exchange controls. By doing so, Qianhai will usher in greater investment and facilitate trade.

For detailed financial policies, please download here.