(Source: Nanfang.com "South + Client" 2025-09-8)

On September 6, Qianhai celebrated the fourth anniversary of the release and expansion of the “Plan for Comprehensively Deepening the Reform and Opening-up of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone”.Yu Haichun, Dean of the Institute of International w88 Rules, w88 casinoIn an interview with Nanfang Daily and Nanfang+, he pointed out that Qianhai’s first-phase goals have been achieved “very well”, and breakthrough progress has been made in the areas of rule convergence, institutional opening, and Shenzhen-Hong Kong integration, and its soft environment is close to world-class. Moving from a "policy highland" to a "rules highland", Qianhai is becoming a "national experimental field" for China's opening up and institutional innovation.

Talk about the achievements in four years: geographical expansion 8 times, GDP growth average 6% per year, soft environment close to world-class

“The past four years in Qianhai have been four years of leapfrog development.” Yu Haichun said straight to the point. He started with the data: the geographical area has expanded by more than eight times, the average annual GDP growth has exceeded 6%, the number of registered Hong Kong-funded enterprises has exceeded 10,000, and the proportion of modern service industries has continued to increase... Behind these figures is Qianhai's systematic advancement in multiple dimensions such as institutional mechanisms, policy innovation, and spatial expansion.

What impressed him even more was Qianhai’s improvement in the “soft environment”. "Qianhai has actively introduced Hong Kong's excellent practices, including business rules, legal services, talent policies, etc., and is quickly approaching a world-class business environment." He said, for example, that Hong Kong young people can enjoy "one yuan rent" to start a business in Qianhai, and the talent housing policy is also very attractive. These are "visible and tangible" dividends of opening up.

What particularly made him feel "exceeded his expectations" was Qianhai's breakthrough in the connection of rules. He mentioned the judicial interpretation issued by the Supreme People's Court in February 2025, which clearly allows Hong Kong and Macao companies to agree to choose the application of Hong Kong or Macao law when they have commercial disputes in Qianhai, and to choose the place of arbitration. "The Qianhai Court has already practiced this. This is a true institutional opening and a key step in the transformation of Shenzhen-Hong Kong integration from 'hard connection' to 'soft connection'."

On Shenzhen-Hong Kong integration and rule innovation: “We must move from ‘introducing Hong Kong enterprises’ to ‘jointly formulating rules’”

Yu Haichun specifically pointed out that the economic and w88 exchanges between Qianhai and Hong Kong have entered a new stage of "two-way empowerment". In the first half of 2025, Qianhai's import and export volume to Hong Kong reached 59.24 billion yuan, a year-on-year increase of 90.2%. Hong Kong has become Qianhai's largest trading partner. "Behind this data is a sign that Shenzhen-Hong Kong integration has moved from one-way flow to two-way collaboration."

But he also emphasized that the future of Qianhai does not lie in the superposition of "quantity", but in the breakthrough of "qualitative" - especially innovation at the rule level. "Qianhai must not only produce GDP, but also produce rules, standards and models." He said that Qianhai should focus on connecting with international high-standard economic and w88 rules such as CPTPP and DEPA, promote these rules to take root in "localization" practice, and become a "bridgehead" for China to integrate with international rules.

As the dean of the Institute of International w88 Rules at the w88 casino, he said that the institute has settled in Qianhai, focusing on the connection between international rules and domestic systems, and providing policy advice to the Qianhai Administration. "Shenzhen is a special economic zone with special legislative powers, while Qianhai is a special zone among special zones and has the advantage of being a latecomer. We can directly use the most advanced concepts and technologies to achieve leapfrog development."

Faced with the profound changes in the global economic landscape, Yu Haichun believes that Qianhai must adhere to the gene of "bold innovation". "Be the first to eat crabs." He pointed out that Qianhai's mission is not only economic development, but also institutional breakthroughs and rule export, which is the strategic fulcrum for the country to participate in international competition at a higher level.

He suggested that Qianhai’s next step should be to make further breakthroughs in areas such as international w88 rules. “Only by allowing international rules to be implemented here and allowing talents from all over the world to gather here, can Qianhai always be full of vitality and truly become the ‘Qianhai of the world.’”

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