Qianhai Company Registration Service
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Qianhai company registration incentives for HK firms have some good news. Qianhai authorities in Shenzhen still have 1.2 billion yuan of subsidies on offer in the coming three years for enterprises registered in the special economic zone, the Hong Kong Economic Journal reported Monday.
The amount is part of a 1.5 billion special fund that Qianhai has laid out to attract quality Hong Kong enterprises, the report said, citing Rong Weihua, director of investment promotion department at the Qianhai Authority Bureau Office.
“Shenzhen’s advantage is the development of high-tech industries, but it lacks a standardization of international business procedures, which is Hong Kong’s big asset,” stressed Liu Guohong, vice-director of the Finance and Modern Industry Research Center at Shenzhen-based think tank, the China Development Institute.
“Hong Kong, on the other hand, needs the support of Shenzhen’s innovative industries and the further opening up of the mainland’s services market,” he said.
According to Qianhai authority, 28,185 companies, involving total registered capital of 1740 billion yuan, have been registered so far in the zone that serves as a test-bed for Chinese financial reforms.
Of the total firms registered in Qianhai, Hong Kong is said to account for 1,355.
Qianhai aims to lure more Hong Kong companies, said Rong. According to the official, the total registered capital of existing entrants from Hong Kong currently stands at over 215 billion yuan.
Special funds have so far backed three batches of a total of 60 projects worth 300 million yuan since inception in 2012.
Qianhai at the same time offers a two-year interest rate subsidy of 300 basis points to registered enterprises in the zone, with the incentive capped at 2 million yuan for each firm in term the subsidized amount.
In other comments, Rong said that Qianhai intends to collaborate with the provincial government to work toward a greater free-trade zone following a directive from the State Council. The free-trade zone could further benefit companies registered in Qianhai, Rong added.
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