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New Model of the Financial System in the Qianhai-Shekou Free Trade Zone in Guangdong: Shenzhen-Hong Kong Fund Town

2020-06-24 View Original

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  Qianhai Shenzhen-Hong Kong Fund Town has attracted considerable **attention in recent years. It was created jointly by Qianhai Financial Holding Co., Ltd. and Shenzhen Metro Group Co., Ltd., two powerful state-owned enterprises. The development of the Guangdong Qianhai Shekou Free Trade Zone will place greater emphasis on financial functions. Due to its strategic location, adjacent to Hong Kong and Macau and situated in the Pearl River Delta, the Qianhai-Shekou Free Trade Zone in Guangdong is within a 30-minute travel distance from these regions. It will further expand its openness to services from Hong Kong and Macau, continuously advancing the level of service liberalization between Shenzhen and Hong Kong.   The Fund Town is also a community. Covering an area of 95,000 square meters, it consists of 28 low-density, high-quality corporate villas, with comprehensive facilities including roadshow halls, gyms, convenience stores, specialty restaurants, and supermarkets. Surrounded by parks, affordable housing for professionals, schools, and luxury hotels, it features a development style that integrates production, living, and ecology. It may seem not to have much to do with finance, but here, in the Qianhai Shekou Free Trade Zone in Guangdong, there is a range of projects related to the financial industry chain. For example: one-stop financial concierge services, consultation and application guidance for cross-border transactions, an investment and financing matchmaking platform, and a platform for industry improvement and exchange.   The business related to Fund Towns is divided into two main categories: http://www.ushunde.com/data/attachment/forum/202006/24/144339nr6sobszsuo8181u.jpg.thumb.jpg 1. Wealth management institutions: large asset management firms, public funds, private equity investment firms, private securities investment firms, and fintech companies.   II. Third-party financial service institutions: banks, securities firms, accounting firms, law firms, credit rating agencies, financial IT service companies, financial media, and industry associations in the financial sector.   In terms of policies, Fund Town benefits from the combined advantages of the policies in Guangdong’s Qianhai Shekou Free Trade Zone, Qianhai-Shenzhen-Hong Kong Cooperation Zone, and Qianhai Bay Free Trade Port Area. It also boasts a high-quality fund service system as well as a favorable financial industry environment. Implement innovative models first, carry out policies and guidelines regarding incentive funds, and assist established organizations in applying for relevant **support measures. While developing innovative financial systems, the Qianhai Shekou Free Trade Zone in Guangdong is accelerating and deepening financial exchanges and cooperation between Shenzhen and Hong Kong.

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