Qianhai is a modern demonstration of the innovative cooperation between Guangdong and Hong Kong to create a modern service industry zone. The State Council approved the overall development plan for the Shenzhen-Hong Kong modern service industry cooperation zone in Qianhai on August 26, 2010. The aim is to develop Qianhai into the ‘demonstration area of Guangdong-Hong Kong innovation cooperation in modern industry’. It was also determined that Qianhai should be built and developed at a high standard. The cooperation between Guangdong and Hong Kong puts into practice new approaches to Shenzhen-Hong Kong cooperation.
By accumulating new experiences in scientific development and building a new growth platform, the area can lead development in Shenzhen and the Pearl River Delta for the next 30 years. Qianhai offers four functions:
An innovation area for modern service industry sectors;
A cluster area for the development of modern services;
A pilot area for close cooperation between the Mainland and Hong Kong;
A leading area for industry upgrades in the Pearl River Delta