Press Releases in Hong Kong

11,500 HK-invested companies registered in Shenzhen’s Qianhai

This undated photo shows a panoramic view of Qianhai of Shenzhen, Guangdong province. (PHOTO / VCG)

SHENZHEN – A total of 11,500 Hong Kong-invested companies have been registered in Qianhai, a Shenzhen-Hong Kong pilot cooperation zone in the southern Chinese city of Shenzhen, since 2010, according to the management authority of Qianhai.

The registered capital of Hong Kong-invested companies in Qianhai reached 1.28 trillion yuan (about US$196.86 billion), said the authority.

The actually utilized Hong Kong capital accounts for 92.4 percent of Qianhai's total actual utilization of overseas capital.

As of now, the Qianhai Shenzhen-Hong Kong Youth Innovation and Entrepreneur Hub has incubated more than 500 venture teams, including over 200 teams from Hong Kong.

Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone of the Shenzhen Special Economic Zone, set up in 2010, aims to boost in-depth cooperation between Shenzhen and Hong Kong and advance the Guangdong-Hong Kong-Macao Greater Bay Area construction.

READ MORE: Qianhai flourishes amid HK-Shenzhen collaboration