Hengqin to launch 24 new measures

By Zhang Chen
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Hengqin will launch 24 new measures to provide an international, legal, market-oriented and convenient business environment, Nanfang Daily reported on April 22.

Six of the measures are related to the customs, five are related to entry-exit inspection and quarantine, 12 related to national and local taxation and one is related to industry and commerce.

So far, 230 systematic innovation measures have been implemented in Hengqin. Six of them have been promoted to the entire Zhuhai City.

By the end of March, over 30,000 enterprises had registered in Hengqin, with a total registered capital of 1.6 trillion yuan. Hengqin's GDP in 2016 hit 15.7 billion yuan, a 20.1 percent growth year on year. Hengqin's tax revenue hit 12.4 billion yuan, a 33.2 percent growth year on year.

Hengqin attaches great importance on the development of a high-end service industry, such as commercial services, recreation and tourism, featured financing and high technology. 97 of the top 500 global companies have invested in Hengqin, and 120 of the top 500 companies in China have invested in Hengqin. The total investment amount of 85 key projects exceeds 340 billion yuan.

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