Shenzhen Daily | Cross-border flow of innovative elements

Shenzhen has thoroughly implemented the State Council’s “Development Plan for the Shenzhen Park of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone,” established the Hetao Development Authority, and issued the legal framework for the Shenzhen Park.

The city has enacted “Double 15%” preferential tax policies for both corporate income tax and personal income tax for eligible entities, launched over 200 high-end scientific research projects, and attracted a total of 16 esteemed domestic and international academicians and experts, as well as 15,000 exceptional scientific research professionals.

Shenzhen has also assumed provincial-level management responsibilities for the entry and exit of Hong Kong-registered vehicles from research institutions via the “No.1 Channel” in the Hetao Shenzhen Park. This initiative allows researchers to commute across borders with ease, either by driving their own cars or utilizing cross-border buses.

Additionally, the city has implemented 10 customs clearance facilitation measures, including centralized declaration of scientific research goods, to enhance the efficient flow of research materials across borders.