Building Relationships

As a strategically important pilot zone for financial reform, Shenzhen's Qianhai area needs to correctly handle its relationship with other financial hubs in the country.

First, it should complement Hong Kong in a mutually beneficial way. The largest advantage of Qianhai is its proximity to Hong Kong. The development of the Qianhai pilot zone should support and be coordinated with that of Hong Kong as an offshore yuan center. Qianhai needs to be supportive of Hong Kong's center role, rather than vying to become one itself. In fact, Qianhai is not endowed with what it requires to be an international financial center. Instead, it should aim to be a strategic bridge.