A special zone in Shenzhen which emphasizes on cooperation with Hong Kong will increase its size for more than seven times, State Council announced today.
Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone will grow from 14.92 square kilometers to 120.56 square km.
It will attract universities from Hong Kong, Macau and overseas countries to set up branches there, providing education for teenagers from the two SARs.
Hospitals from Hong Kong and Macau hospitals will also be allowed to set up branches there.
Authorities are also considering to allow those from Hong Kong, Macau and overseas countries to take up positions in statutory bodies in Qianhai.
Convenience will be provided to foreigners who apply for visas and residence.
Financial companies will be allowed to provide cross-border securities investment services in the zone.
The announcement was made as Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor visited Shenzhen in a delegation of 18 Hong Kong officials, including Chief Secretary John Lee Ka-chiu.