The Qianhai Bay Bonded Port Area is situated within the Qianhai Shenzhen-Hong Kong cooperation area. It enjoys the supervision policies of special revenue, foreign currency and trade facilitation of a bonded port area, and also benefits from trial policies in finance and taxation as well as the finance and talent of the Qianhai cooperation area.
The Qianhai Bay Bonded Port Area is a customs area under special supervision that has the highest degree of openness in China. The Qianhai Cooperation Zone is a national strategic area for cooperation between Shenzhen and Hong Kong. It has implemented precedent-setting policies superior to those of other special economic zones, such as carrying out special fiscal and taxation policies, exploring pilot cross-border loans and building cross-border RMB business innovation pilot areas. The Qianhai Bay Bonded Port Area lies within the Qianhai Cooperation Zone, enjoying both the special functions of a free trade port zone and the preferential policies of the Qianhai Cooperation Zone. It is a unique region with the most preferential policies, the lowest operation costs and the highest degree of internationalization.
The Qianhai Cooperation Zone will insist on cooperation between Shenzhen and Hong Kong in accordance with current international business rules to create a fair, transparent, efficient, incorruptible and honest business environment. It will be an institutional innovation region and an industrial cluster for modern service industries, a pioneering region for close cooperation between Hong Kong and Mainland China, and a model region for industries upgrade in the Pearl River Delta.
1. Innovative management model of statutory bodies: The administration bureau of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone is the first mainland statutory body. It has been given the power to approve non-financial administrative items, a privilege enjoyed only by municipalities specifically designated by the state. Based on the principles of “full authority and closed operation”, it provides convenient one-stop services to construct a service-oriented administrative organization of “fairness, transparency, efficiency, and integrity”.
2. Support platform of national policies: The Qianhai inter-ministerial joint conference system of development and construction is a support platform for national policies, which is authorized by the State Council, led by the National Development and Reform Commission, with the participation of 24 ministries and commissions, including the Guangdong Provincial Government, the Hong Kong SAR Government and the Shenzhen Municipal Government. A powerful force is formed by the joint efforts of departments of the State Council and relevant regions to promote the development and opening up of Qianhai.
3. High-level advisory bodies: The Qianhai Cooperation Zone Advisory Committee is an important institutional arrangement to coordinate with the Qianhai construction inter-ministerial joint conference system, and an important platform providing advisory opinions on relevant policies to Qianhai’s development and opening up. The advisory committee is composed of people with high social standing and industry influence who will play an important role in promoting the future development and opening up of Qianhai.
4. The joint meeting mechanism of the Qianhai Bay Bonded Port Area: Established by the Shenzhen Municipal Government, the joint meeting mechanism of the Qianhai Bay Bonded Port Area is led by the Authority of Qianhai and composed of 15 port units, government departments and enterprises. It coordinates innovation and development, policy breakthrough, investment attraction, customs reform, industry promotion and other affairs to promote the transformation, upgrading and innovation development of the bonded port area.