January 26th, 2016

(From www.people .com.cn) To facilitate exchanges and cooperation between Shenzhen and Hong Kong in the financial sector, the first Qianhai Economic Annual Meeting was held in the Qianhai showroom of the Shenzhen and Hong Kong cooperation zone on January 25. Under the guidance of the Qianhai administrative bureau, the meeting was jointly initiated by the Asia Pacific Exchange and Cooperation Foundation (APECF) and the Hong Kong Research Center for Sustainable Development. The finance department of the administrative bureau has been invited to participate in the meeting.

On August 26, 2010, the State Council officially approved the "Overall Development Plan for the Qianhai Shenzhen-Hong Kong Modern Service Cooperation Zone". In March, 2011, the central government officially incorporated Qianhai's development into the " 12th Five-Year Plan", which is a major strategic decision made on the thirtieth anniversary of the establishment of Shenzhen Special Economic Zone. Qianhai's development will be a pilot project for opening up new ways of scientific development, exploring new ways to enhance cooperation between Hong Kong and the Mainland and new path for transforming the economic growth model. As an important test field and pilot project for opening up the financial sector, Qianhai will be the main embodiment of financial cooperation between Shenzhen and Hong Kong. Combining the advantages of the two regions will benefit the country's financial sector in the long run.

The first "Qianhai Economic Annual Meeting" is intended to create a platform for dialogue on the macroeconomic situation in China as well as exchanges and cooperation in the financial sector between Mainland and Hong Kong.

The meeting focused on the five major tasks of "Reduce overcapacity, Decrease inventory, Deleveraging, Lower cost and Overcome shortcomings" proposed by the central economic work conference to give full play to regional complementation between Shenzhen and Hong Kong in international finance and trade, and fully utilize the policy dividend of Qianhai as a pilot zone for cross-border e-commerce. The meeting has conducted in-depth discussion on the important role of cross-border e-commerce, commodity trading and other financial innovations in improving the multi-level capital market system. The vision is to build an open, multi-dimensional cross-border e-commerce model and to further promote world economic integration and international division of labor, and take practical action to deepen the Shenzhen-Hong Kong cooperation, promote international exchanges, gather productive resources, optimize the allocation of resources, to explore a new normal or a new model with Chinese characteristics in developing its economy, society and capital market.

The first annual meeting proposes as follows: Build an equal dialogue mechanism, through which we can form an atmosphere of mutual respect and cooperation and enhance our grasp of the world economic development trend. Establish a harmonious collaboration mechanism, promote scientific and democratic decision-making to achieve maximum efficiency in allocating economic and social resources. Establish mutually beneficial cooperation mechanisms, deepen international economic cooperation and regional economic structure adjustment, and release the potential demand through the industrial chain and value chain restructuring, enhance innovation capacity, form a benign pattern of policy coordination, market complementation and interest integration.

The "One Belt One Road" campaign has positioned Qiaqnhai as an important strategic pivot of the 21st century maritime Silk Road, and the annual meeting will serve as a regular platform for cooperation between Mainland and Hong Kong and play an even bigger role in promoting the development of financial industry in Shenzhen and Hong Kong.

Mr.Xiao Wunan, Executive Vice Chairman of the APECF which sponsored the meeting has delivered a speech. Assistant to the director general of Qianhai administrative bureau, press spokesman Wang Jinxia made a keynote speech. Other speakers include: Zhang Zhanbin, director of economic research department with the National School of Administration, Tao Yitao, deputy party secretary and doctorial tutor of Shenzhen University, Liu Dongmin, director of International Finance department of Institute of World Economics and Politics at CASS. Tan Yaling, executive director of China International Economic Relations Association, Li Anyu, executive vice president of China E-Commerce Association, Zhong Shugen，honorary chairman of WTO Business Association. Relevant departments of Shenzhen municipal government, representatives of Hong Kong Legislative Council, representatives of relevant international financial institutions, academia, business representatives, were also invited to attend this meeting.

It is reported that, "Qianhai Economic Annual Meeting" will be held annually in Shenzhen.