China Releases Catalog of Encouraged Industries for Qianhai Cooperation Zone

Posted by Reading Time: 3 minutes

May 8 – China’s National Development and Reform Commission (NDRC) released the “Catalog of Encouraged Industries for the Qianhai Shenzhen-Hong Kong Modern Services Industry Cooperation Zone (Qianhai Cooperation Zone) (hereinafter referred to as the ‘Catalog‘)” on March 6, 2013. The Catalog covers 112 encouraged industries that fall under the below six service industries:

  • Finance
  • Modern logistics
  • Information services
  • Technology services
  • Professional services
  • Public services

In order to forge Qianhai into a model region for the opening up China’s finance industry, cooperation between Shenzhen and Hong Kong in the areas of cross-border RMB business and capital markets is encouraged in the Catalog. This sector includes banks, securities companies, insurance companies, and other non-banking financial institutions including companies that develop financial supervision technologies.

Modern logistics
The Qianhai Cooperation Zone aims to forge itself into a production organization center for the Asia-Pacific region and an international supply chain management center, while also developing auxiliary services for the harbor’s shipping business, thereby becoming a global logistics center. The modern logistics category includes companies providing supply chain service, international shipping, and relevant technology development.

Information services
To forge Qianhai into an information exchange center and international e-commerce center, emphasis is placed on information transmission, software and information technology. Businesses covered under the information services category  include telecommunication, e-commerce, data mining, intelligent network, and digital content services.

Technology services
In the technology service industry, emphasis is placed on the research and application of technology, professional technology services, and transfer and trading of scientific and technological results. Scientific research institutions, quality inspection services, and IT outsourcing services are covered.

Professional services
The Catalog encourages professional services including accounting, legal, consulting, cultural creativity, engineering, convention and exhibition, education, medical treatment, human resource, intellectual property, and familial services.

Public services
To support the overall development of the Qianhai area, the development of trading services, public infrastructure and social services are also encouraged in the Catalog.

Dezan Shira & Associates is a specialist foreign direct investment practice, providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in emerging Asia.

For further details or to contact the firm, please email, visit, or download the company brochure.

You can stay up to date with the latest business and investment trends across Asia by subscribing to Asia Briefing’s complimentary update service featuring news, commentary, guides, and multimedia resources.

Related Reading

An-Introduction-to-Dev-Zones-in-Asia-thmbAn Introduction to Development Zones Across Asia
Development zones have become a highly useful tool in China and throughout Asia, and can supply the needed boost to turn a good business into a great one. In this issue Asia Briefing Magazine, we look specifically at some of China, India, and Vietnam’s best-run and most popular zones, and we also provide a snapshot of zones and the various benefits they provide throughout many of Asia’s countries.

Hong Kong and Singapore Holding Companies
In this issue of China Briefing Magazine, we take a closer look at the benefits of both Hong Kong and Singapore holding companies, how to establish and maintain a company in each of these jurisdictions, and the relevant double tax agreements.

Shenzhen Releases Measures on Special Fund Management for Qianhai

China Approves Policies for the Qianhai Shenzhen-Hong Kong Modern Services Zone

China-Hong Kong to Promote Further Liberalization under CEPA

Setting Up and Operating a Company in Hong Kong

Qianhai Introduces Incentives to Attract High-End Foreign Talent

Qianhai Launches Qualified Foreign Limited Partner Pilot Program