Legal environment invest in Qianhai

Qianhai Investment Guide
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Qianhai will create a legal environment based on fairness, justice, kindness and credibility by learning and referring to international business guidelines and commercial systems. Three platforms will be established, namely the Shenzhen Court of International Arbitration, the Qianhai Tribunal, and the Qianhai Anti-Corruption Bureau. There will be three special policies: joint operation of Hong Kong law firms and Mainland law firms; identification mechanisms; and mediation by mediators and assessors from Hong Kong.

With respect to the legal environment and business environment in Shenzhen and Hong Kong, the Qianhai government is striving to bring about a smooth relationship between the legal environments of the two regions. The Qianhai government is actively seeking support from the National People’s Congress and making full use of the legislative authority conferred on special economic zones.

A legal system that sufficiently adapts to the development of a modern service industry shall be set up with reference to international guidelines.Qianhai will try to seek support from the National People’s Congress, make full use of its legislative power, and explore an expansion of the range of Hong Kong laws applicable to Qianhai commercial disputes. In addition, Hong Kong laws may be considered when signing Hong Kong-related commercial contracts.

Based on industry development demands, Qianhai will learn from international financial centres in utilising laws to protect industry development so as to bring about innovation and breakthroughs in modern service industry legislation. These steps will safeguard Qinghai’s industry innovation and development.

Qianhai will learn the laws of Hong Kong’s modern service industry to set up one to two local guidelines per year, gradually forming a legal framework in line with international standards as well as those of Hong Kong. Such a framework shall dovetail with the development direction of the modern service industry as well as its requirements for reform and innovation.

Focus
1. A three-year plan will be made to guide the direction of Qianhai’s legislation in the coming three years.
2. In accordance with the requirements of the Municipal People's Congress and the Municipal Government for a legislative plan, legislative research and drafting shall be completed on projects such as those relating to the protection of financial information, construction, planning and management of Qianhai’s talent reform experimental zone, and management of the electronic authentication service.
3. To conduct research and fashion a management method for Qianhai’s foreign investment, and ascertain convenient ways to handle foreign investment.
4. To set up “Implementation Methods for Qianhai’s Administrative Review”, organise such matters, simplify the approval procedure and standardise Qianhai’s administrative review.
5. To explore the implementation methods of adopting Hong Kong laws for Hong Kong-related commercial contracts in Qianhai.
6. To draw a conclusion on experiences and problems that account for Qianhai’s actual development. To amend “The Guidelines Pertaining to the Qianhai Shenzhen Hong Kong Cooperation Zone”, “The Qianhai Administration’s Interim Procedures”, and “The Qianhai Bay Bonded Port’s Interim Procedures.

Contact Us
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