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The 10.9-square-kilometer Shekou Industrial Zone, located in Nanshan District, before the Shenzhen Special Economic Zone came into being. Great many business people pose at the gate of the Guangdong Pilot Free Trade Zone Qianhai & Shekou Area in Shenzhen .The administrative committee of the China (Guangdong) Pilot Free Trade Zone (FTZ) Qianhai & Shekou Area started operation in western Shenzhen yesterday.
Shekou has excellent logistics and port facilities ,It can rapidly provide facilities for the development of Qianhai's emerging industries, and facilitate Qianhai's finance, technology, logistics and service industries' development."The administrative committee also signed a cooperation memorandum with Shenzhen Customs, the city's exit-entry inspection and quarantine bureau and the Shenzhen office of the State Taxation Bureau. These departments have all prepared measures to support innovation in the area.
Shenzhen Customs aimed to shorten clearance time by half in the area and the tax bureau plans to give enterprises in the area access to its expanded e-service.The Guangdong FTZ also includes Nansha in Guangzhou and Hengqin in Zhuhai. While Qianhai and Shekou will continue to focus on the development of the high-end service industry, Hengqin's development will mainly cover tourism, commercial services, and the high-tech and creative industries. The development scale of Nansha is larger, including port facilities and dedicated manufacturing districts.
The new zones were established 18 months after the first FTZ was unveiled in the Shanghai financial hub. The Shanghai zone was designed to help streamline the overloaded administrative approval system and encourage innovation.
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