Qianhai Fund Town opens in October

According to the latest news, the Qianhai Shenzhen-Hong Kong Fund Town will open in October.

The fund town has attracted over 60 famed financial institutions, including the United Bank of Switzerland, Industrial & Commercial Bank of China, China Merchants Bank and more to settle in.

As a key project in Qianhai, the town aims to encourage financial cooperation and exchange between Shenzhen and Hong Kong.

The town will have a hedge fund center, a venture capital fund center and a massive capital management center.

It will also play a main role in promoting PFM WFOE project.