A new action plan released by the Qianhai authorities in Shenzhen aims to strengthen its position as a “key partner” to Hong Kong rather than a competitor, further bolstering the city’s status as a global hub for finance, trade and talent.
The 2026 plan, released recently by authorities, is set to deepen cooperation between the special economic zone and the city through a dual-headquarters hub that enables Hong Kong-based unicorns to benefit from the free flow of capital, data and resources.
A unicorn in business is a private start-up valued at more than US$1 billion.
Gary Wong Chi-him, chief Hong Kong and Macau liaison expert of the Qianhai Authority of Shenzhen, told the Post on Sunday that the plan underscored the zone’s role as a “key partner of Hong Kong”.
“Everything Qianhai does is for the benefit of Hong Kong,” he said.
“Qianhai is not a competitor but a key partner that supports the integration of Hong Kong into the overall national development plan, and makes it even better.”
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