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Suggestions for Qianhai’s next top-level design

  Qianhai’s advisory body, which is made up of former senior officials and experts from the mainland, Hong Kong and overseas, gathered in Nanshan District on Saturday to discuss feasible development paths for Qianhai in the coming years.
  The Qianhai and Shekou Area of the China (Guangdong) Pilot Free Trade Zone and the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone Advisory Committee was set up in 2012 as a think tank to offer constructive suggestions for the experimental area and assist it in realizing the goal of providing practical models for further reform and opening up in other Chinese cities.

  At the meeting, Hua Jianmin, chairman of the advisory committee and former vice chairman of the standing committee of the National People’s Congress, said Qianhai has made great progress in the past five years and the committee has played an active role in Qianhai’s development.
  He said to make a new plan for Qianhai’s coming five years, policymakers should think big and take the future development of Shenzhen, Guangdong, the Greater Bay Area and even China into consideration. “In addition,” he said, “the consulting members should make a list of detailed actions that they believe could help Qianhai’s development and help promote the area on various platforms.”
  Ma Weihua, former chairman of China Merchants Bank, said Qianhai should play a key role in Shenzhen-Hong Kong cooperation by establishing a tech plus finance center.
  “We should focus on the combination of finance and technology. We can support technological innovation with the financial industry, with capital and also by adding more efficiency and energy to the financial industry through technology,” Ma said. “Shenzhen is among 44 global fin-tech centers and Shenzhen’s technological content in GDP now almost equals that of Israel. So I think, based on the performance, Qianhai should value its innovation on fin-tech.”
  Zhao Linghuan, executive vice president of Legend Holdings and chairman of Hony Capital, said he agreed with Ma but that the key to encouraging fin-tech development is to innovate the supervision mode, avoid management loopholes and make a closed loop experiment in the area.
  “Also, Qianhai should work out a revolutionary mode of the Internet lifestyle and form a new cluster for the Internet industry,” Zhao added.
  Ren Kelei, former chairman of Overseas Chinese Town Holdings Co., said Qianhai should re-think its physical construction as technology is transforming people’s work and lifestyle. He said Qianhai should stop pursuing the building up of skyscrapers, as they are outdated, and instead try to build a new lifestyle and working-style testing area. He also suggested, along with He Jingtang, an academician of the Chinese Academy of Engineering, sinking the Guangzhou-Shenzhen Riverside Expressway to restore the view to the west of the city.
  Zhu Min, former vice president of the People’s Bank of China, suggested that Qianhai work with Hong Kong to set up a Belt and Road training center, a supervision policy forum and a center of renminbi offshore and onshore transactions. He also said Qianhai should invest more in the artificial intelligence industry.