OREANDA-NEWS. May 20, 2014. The Bank of East Asia, Limited (“BEA”) held a seminar called “Qianhai’s Latest Developments and Opportunities” at BEA Tower in Kwun Tong.

Guest speakers Mr. Li Qiang, Deputy Director General of the Authority of Qianhai, and Mr. Adam Zhong, Director of China Tax at KPMG joined  BEA’s experts in Mainland China and Hong Kong in a discussion of the business trends and opportunities in the Qianhai Shenzhen - Hong Kong Modern Service Industry Cooperation Zone (“Qianhai”). More than 350 of the Bank’s corporate and personal customers attended the seminar.

In his opening address at the seminar, Mr. Adrian M.K. Li, Deputy Chief Executive of  BEA, said, “BEA was one of the first Hong Kong banks to offer cross-border loans in Qianhai. As of the first quarter of this year, the Bank has already approved cross-border Renminbi credit facilities exceeding CNY 400 million for enterprises in Qianhai.

In addition, BEA has signed strategic co-operation agreements with a number of Qianhai institutions.”Mr. Li Qiang provided a detailed overview of Qianhai’s competitive edges as a business environment. In his talk, Mr. Li covered issues such as tax incentives, the pilot scheme for cross - border Renminbi lending, as well as measures that have been taken to facilitate collaboration between Shenzhen and Hong Kong. Mr. Li said, “Qianhai is the only special economic zone in Mainland China that serves as a platform for modern service industry cooperation between Shenzhen and Hong Kong.