Shenzhen: Explore piloting the transfer of shares in private equity and venture capital in Qianhai.

The People's Government of Shenzhen Municipality issued the "Measures for Further Increasing the Attraction and Utilization of Foreign Investment in Shenzhen". The measures point out the need to accelerate the expansion and opening of the modern service industry. They aim to introduce international capital, make the financial industry bigger and stronger, promote the rapid development of information technology, and enhance the level of professional services. The measures support qualified foreign-funded institutions in legally conducting bank card clearing business. They deepen the opening of industries such as commercial pension insurance and health insurance, and support qualified overseas professional insurance institutions in investing in and establishing or acquiring shares in insurance institutions domestically. They are exploring pilot projects for the transfer of private equity and venture capital fund shares in Qianhai. They are deepening the reform of the partnership mechanism between mainland law firms and law firms in Hong Kong and Macau in Qianhai, and encouraging law firms in Hong Kong and Macau to establish business institutions in Qianhai.