Qianhai authorities announced recently that the Qianhai area will give five more preferential policies to Hong Kong investors, facilitating their realization of bigger achievements in the area, where over 4,500 Hong Kong companies have settled in.
The policies will help Hong Kong enterprises explore the mainland shipping market, give more conveniences to Hong Kong supply chain companies on the mainland, support Hong Kong in building its cross-border e-commerce business, encourage Hong Kong cross-border e-commerce practitioners to integrate online and off-line sales strategies, and allow Hong Kong shipping enterprises and investors to invest in the mainland shipping industry and offer related services such as financing and insurance services to mainland companies.
Qianhai will also promote a mutual recognition mechanism for customs inspection and quarantine — allowing companies to pass either Qianhai or Hong Kong inspection and quarantine procedures — in order to help companies save time and costs.
“Qianhai will continue to explore innovative measures that benefit both Hong Kong and mainland investors and seek opportunities that will maintain the prosperity of both sides,” said Tian Fu, head of the Qianhai Authority, at a policy promotion conference in Hong Kong.
The policies will be implemented in the second half of the year.
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