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Enterprises Impressed with New Developments and World-Class Business Environment in Qianhai, Shenzhen

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1 year ago

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Qianhai Plan

SHENZHEN, CHINA – Media OutReach Newswire – 2 September 2024 – The Plan for Comprehensively Deepening Reform and Opening-up of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (hereinafter referred to as the “Qianhai Plan”) was officially released on September 6, 2021. Over the past three years, the GDP, fixed asset investment, and imports & exports of Qianhai have grown at an average annual rate of over 10%, over 15%, and 14.3%, respectively. Enterprises in Qianhai, Shenzhen have been impressed by the remarkable improvements in the business environment. Qianhai has been on a fast track of creating a world-class business environment through a series of measures, such as establishing China’s first “one-stop service” platform for foreign investors, and improving services throughout the full life cycle of enterprises.

“We have greatly benefited from the business environment provided by Qianhai,” said Sun Jinjun, Chief Representative of the Holman Fenwick Willan LLP Shenzhen Representative Office. “I often have colleagues from other countries and both Chinese and foreign clients attending meetings at our Qianhai office, and they often praise the office environment here. Meanwhile, the Qianhai Authority often organizes corporate seminars and policy presentations, providing great support for enterprises in terms of software,” he said.

According to Sun Jinjun, the highlights of Qianhai’s business environment include its institutional innovation capabilities, fast and efficient problem-solving abilities, its advantageous geographical location connecting with Hong Kong and Macao, and its professional government service team. “All policies need to be implemented by dedicated personnel. We received professional, seamless services while establishing our Qianhai office,” he added.

Similarly, many other enterprises in Qianhai are also deeply impressed by its outstanding business environment. First, Qianhai has developed various forms of modern service industries such as finance, law, talent, and logistics. Second, it boasts a series of institutional mechanisms that align with those in Hong Kong, Macao, and the international community. The Qianhai Global Service Providers (QGSP) program aims to introduce and cultivate eight types of global service providers including modern financial services, trade and logistics, information services, sci-tech services, cultural and creative services, commercial services, shipping services, and public services. A total of 167 leading enterprises or institutions under these categories, such as KPMG and UBS, have delivered relevant services in Qianhai. Overall, a new world-class business environment ecosystem has taken shape.

According to a recent evaluation by PwC using the World Bank’s business environment indicators, Qianhai’s total score was close to that of Singapore and Hong Kong. The 2023 Business Environment Blue Book for Qianhai Cooperation Zone released by PwC highlights Qianhai’s excellent overall business environment, and significant progress in Shenzhen-Hong Kong cooperation, and indicates that the goal of creating a globally competitive business environment by 2025, as set out in the Qianhai Plan, is nearly achieved.

As the business environment improves, a growing number of Hong Kong residents are choosing to start businesses in Qianhai. Elvis Yu, Founder of INSPRO and a young Hong Kong resident, is one of them. “Qianhai offers the talents, policies, capital, and market that we need for our startup. Thanks to its proximity of geography and culture, we can start our business faster. After three years of development in Qianhai, we now hold more than ten patents, and our revenue this year has exceeded 10 million yuan,” he said during an interview.

“We are eager to see further advancements in Qianhai’s business environment. Qianhai can go further by actively aligning with high standards both domestically and internationally,” said Sun Jinjun. With the implementation of more industrial support policies in areas such as finance, trade logistics, and professional services, Qianhai is bound to have broad prospects for creating a world-class business environment.

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Events

As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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2 days ago

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February 6, 2026

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Debate

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Business

Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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2 days ago

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February 6, 2026

By

CLG

After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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Business

The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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2 days ago

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February 6, 2026

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ITFC

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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