Shenzhen will invest 10 billion yuan (US$1.59 billion) on infrastructure construction in the Qianhai area this year. City officials are planning 5 million square meters of infrastructure construction.
Qianhai’s management administration had signed contracts with 52 enterprises, including 20 Fortune 500 enterprises, through December. Massive infrastructure construction already is under way.
Additionally, 12 policies developed for Qianhai have been put into practice, concerning cross-border RMB loans, the introduction of high-quality professionals, tax preferences for qualified modern service enterprises and the establishment of a Hong Kong-owned hospital.