LATEST NEWS   PM Anwar, Turkmenistan President Serdar Berdimuhamedov witnessed the signing of a strategic cooperation agreement between Petronas and Turkmenistan authorities-- PMO | At 6 pm, the ringgit eased to 4.1340/1395 versus the US dollar from Thursday's close of 4.1145/1195 | The collaboration opens up space for more strategic engagements in future, including exploring the great potential of Turkmenistan's natural gas sector, which has among the world's largest gas reserves - PMO | Gabungan Kelab Media Malaysia (GKMM) state affiliates receive RM10,000, GKMM receive RM30,000 from Communications Ministry - Fahmi | The achievement comes as Malaysia and Turkmenistan mark 30 years of cooperation in the energy sector, which has been a key pillar of bilateral relations between the two countries -- PMO | 
BUSINESS • 20/12/2024 03:18 PM

Celebrating A Year Of Innovation: Qianhai’s Path To A Brighter Future 

KUALA LUMPUR, Dec 20 (Bernama) -- The Overall Development Plan for the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (Qianhai Plan) has marked its first anniversary since its release, showing significant progress in reform, innovation, and international integration.

Over the past year, Qianhai has advanced as a pilot platform for comprehensive reform and innovation, a high-level portal for international openness, a leading area for deep integration between Shenzhen and Hong Kong, and a hub for high-quality development of modern service industries, driven by a more dynamic momentum of growth.

Qianhai's ongoing reforms and expansion of open policies have been key to its success. For the third consecutive year, it topped the institutional innovation index among China’s free trade pilot zones. Since the beginning of this year, Qianhai has launched 47 new innovations, bringing the total to 882.

Qianhai has become one of China’s fastest-growing and most open regions, with its import and export value of the Qianhai-Shekou area of the China (Guangdong) Pilot Free Trade Zone reaching a record 448.1 billion Chinese yuan in the first 10 months of 2024, representing a 58.3 per cent increase year-on-year.

According to a statement, the Qianhai Plan has also established the region as a key area for deepening the integration between Shenzhen and Hong Kong.

The Qianhai Shenzhen-Hong Kong Youth Innovation and Entrepreneur Hub (E-hub), a symbol of youth ambition, has supported 1,374 startup teams, including 955 from Hong Kong SAR, Macao SAR, and overseas, as of early December this year. Currently, more than 9,000 Hong Kong-funded enterprises are now registered in Qianhai.

Qianhai’s role as a financial cooperation hub is also highlighted by its growing significance in strengthening Hong Kong’s position as a global financial centre. Professionals, including those from Holman Fenwick Willan LLP, have praised the region’s environment and efficient transport links, which facilitate seamless connections between Hong Kong and Qianhai.

Acting as a hub for the high-quality development of modern service industries is Qianhai's strategic positioning and source of competitiveness. Over the past year, Qianhai has delivered remarkable achievements and a promising future is expected.

-- BERNAMA

More News

Categories

Tags