BELT AND ROAD

The Qianhai Shenzhen-Hong Kong Modern Service Industry Co-operation Zone is to be expanded as part of moves to establish it as a world class development engine with a particular focus on global resource allocation. The initiative, announced on 6 September, will see the operational area of the Zone increased from 14.92 sq km to 120.56 sq km in the run-up to 2035. More

On 18 March, the Qianhai Authority of Shenzhen officially kicked off the construction of a Shenzhen-Hong Kong business logistics town in order to promote the integration of the business logistics industry between the two cities. More

The Guangdong provincial government issued a circular on 28 February requiring all government departments and their subordinate bodies to further promote competitive practices in the Guangdong-Hong Kong-Macao Greater Bay Area. More

Premier Li Keqiang delivered the Government Work Report at the fourth session of the 13th National People’s Congress on 5 March. Li pointed out in the report that the government is putting forward the “six guarantees”, especially ensuring job security, people’s livelihood needs and the operations of market entities, and called for simultaneous efforts to bail out ailing businesses and stimulate their vitality. More