Investment Environment

Investment Guide of Hengqin Area

02 24, 2015      Source: 


How to get to GDFTZ (Hengqin)?
Within the radius of 100km in Hengqin, there are:
-- Five international and domestic airports: Hong Kong International Airport, Macau International Airport, Guangzhou
International Airport, Shenzhen International Airport, Zhuhai Airport.
-- Four deepwater ports: Hong Kong Victoria Harbour, Zhuhai Gaolan Port, Guangzhou Nansha Port, Shenzhen Yantian Port.
-- Eight expressways: Beijing-Zhuhai Expressway, Taiyuan-Macao Expressway, Coastal Expressway, and other main national-level expressways converge in Zhuhai.
-- Three rail transits: Guangzhou-Zhuhai Intercity Rail and Macao LRT are joined in Hengqin.

Infrastructure in GDFTZ (Hengqin)
The Hengqin New Area has excellent transportation facilities. With the completion of the Beijing-Hong Kong-Macao Expressway, the Guangzhou-Zhuhai Railway, the Taiyuan-Macao Expressway and the Jinhai Bridge, the island will be connected to all parts of the country. It will take only half an hour to drive from Hengqin to the airports of Macao, Zhuhai, and Hong Kong, while it will take only two hours to reach the airports of Guangzhou and Shenzhen. The island also has direct flights to Southeast Asia.

 
The following are Hengqin's neighboring airports, ports and transportation routes:
-- Five international and domestic airports: Hong Kong International Airport, Macau International Airport, Guangzhou International Airport, Shenzhen International Airport, Zhuhai Airport.
-- Four deepwater ports: Hong Kong Victoria Harbor, Zhuhai Gaolan Port, Guangzhou Nansha Port, Shenzhen Yantian Port.
-- Eight expressways: The Beijing-Zhuhai Expressway, Taiyuan-Macao Expressway, Coastal Expressway, and other major national-level expressways converge in Zhuhai.
-- Two rail lines: Guangzhou-Zhuhai Intercity Rail and Macao LRT are connected to Hengqin.

The Hengqin New Area also has advantages in logistics and warehousing. Gaolan Port – a state-level economic and technological development zone – lies to its west, while the Zhuhai bonded area, the only bonded area in the Pearl River Delta, lies to its north.
Both offer strong support for the development of Hengqin's commodity handling, distribution and warehousing and logistics industries.
The Hengqin New Area has already attracted 226.3 billion yuan (roughly US$ 36.5 billion) in investment capital for 56 key projects in commerce, finance, tourism, culture, entertainment, traditional Chinese medicine health care, scientific research, education and technology.
A 13.5-billion-yuan municipal infrastructure project in the area is also drawing to a close. The project has set up a 33.4-km-long and 3.4-meter-high "multiuse pipeline" that centralizes water supply, sewage disposal, waste disposal, communications cables, heating, and gas. It is the first project of its kind in China and is rarely seen even in developed countries.

Economic strength of GDFTZ (Hengqin)
Hengqin Island is located in the southern part of the city of Zhuhai in Guangdong Province and covers an area of 106.46 square kilometers, with a total coastline of 50 kilometers. The island enjoys a subtropical monsoonal climate with an average annual temperature of 22-23 degrees Celsius.


The island overlooks Macao across a strait, and the two areas are less than 200 meters apart at the narrowest point. Hengqin is 34 nautical miles from Hong Kong. Upon completion of the Hong Kong-Zhuhai-Macao Bridge in 2016, the island will become the only place in China directly linked with both Hong Kong and Macao.


Hengqin had a population of 4,203 permanent residents in 2014. The environment of the island presents distinct contrasts, with one side filled with banana forests and fish ponds and the other side packed with magnificent modern buildings.

In December 2008, the State Council approved the Pearl River Delta Area Reform and Development Plan, which designated Hengqin Island as an important part of the Pearl River Delta economic cooperative area and a key bridge between Hong Kong and Macao that would strengthen cooperation in the service and high-tech industries.


On Dec. 16, 2009, the State-Council-approved Hengqin New Area was formally established as the country's third, following Shanghai Pudong New Area and Tianjin Binhai New Area. Four major projects with total investment capital of 72.6 billion yuan (roughly US$11.7 billion) were announced at the district's opening ceremony, drawing worldwide attention.


On March 6, 2010, the Guandong Provincial People's Government and the Macao Special Administrative Region Government signed a cooperation framework agreement in Beijing that put forward a series of initiatives to jointly develop Hengqin and build the Guangdong-Macao Cooperation Industrial Park.


Hengqin has accumulated rich business collaboration experience through its interaction with Guangdong Province, Hong Kong and Macao. The district has subsequently become a new landmark of China's reform and opening to the outside world.

Currently, the island's economy is dominated by traditional agriculture and fishery industries. With rich natural resources like waterfalls, exotic stones and lush tropical trees in addition to cultural relics like the remains of an ancient battlefield, the tourism industry on the island is also enjoying extensive development.


The gradual expansion of Hengqin Island's economy has helped form a development pattern primarily founded on foreign and private investment capital. The island has enjoyed double digit economic growth in recent years, and it will definitely attract more domestic and international investment as it continues to benefit from central and local governments' incentive policies for new economic areas.


Registration for Foreign Investments
1. Interested parties can obtain the Establishment Registry Form for Name Verification and Business Registration at the service counter of the Hengqin Administration for Industry and Commerce, or download the form from the Website of Zhuhai Red Shield.
Website: http://ssgs.zhuhai.gov.cn/xz/ssdjws/
2. Verify your name;
3. Download the approval form from the Hengqin site;
4. Submit it at the service counter at the Industrial Development Bureau for approval;
5. Obtain the approval document and certificate for foreign investment;
6. Prepare documents in order to register at the Hengqin Administration for Industry and Commerce as required by business registration standards for foreign investments;
7. Obtain a business license;
8. Obtain an organization code at the Quality and Technical Supervision Bureau (Hengqin service counter or Zhuhai service counter);
9. Complete taxation registration;
10. Apply for permitted operating items.

Registration for domestic investments
1. Obtain the Establishment Registry Form for Name Verification and Business Registration at service counter of Hengqin Administration for Industry and Commerce, or download the form from the Website of Zhuhai Red Shield;
Website: http://ssgs.zhuhai.gov.cn/xz/ssdjws/
2. Name verification
3. Download the approval form from Hengqin Official Download
4. Submit it at the service counter in the hall of Industrial Development Bureau for approval;
5. Obtain the approval document and certificate for foreign investment;
6. Prepare documents and go through the formalities of establishment registration at Hengqin Administration for Industry and Commerce as required in business registration standards for foreign investments;
7. Obtain business license;
8. Go through the formalities of organization code at Quality and Technical Supervision Bureau (Hengqin service counter or Zhuhai service counter);
9. Taxation registration;
10. Application for permitted operating items.