The "Three-Year Action Plan for Building a Pilot Zone for Shenzhen-Hong Kong Integrated Development with Global Resource Allocation Capacity in Luohu District" has been issued, specifying the joint establishment of a cooperative demonstration park on the "border-crossing land" B1 plot by Shenzhen and Hong Kong.

The B1 plot is located at the core area of the Luohu Shenzhen-Hong Kong Modern Commerce and Trade Upgrading & Development Zone, adjacent to the Hongling Emerging Financial Industry Belt. It is surrounded by the headquarters of the Industrial and Commercial Bank of China and the Agricultural Bank of China, the Shenzhen Branch of the People's Bank of China, and other financial institutions.

The B1 plot is being developed into an industrial park focusing on life sciences, cross-border finance, and international trade. Active efforts are underway to develop high value-added industries such as artificial intelligence, cross-border insurance, cross-border e-commerce, and medical devices. Additionally, there is a strategic emphasis on the development of emerging and future industries.

Liu Xiaomei, deputy director of the Office of the Command for the Luohu Shenzhen-Hong Kong Modern Commerce and Trade Upgrading & Development Zone, said, "We hope that Shenzhen and Hong Kong can jointly strive for preferential policies on taxation, personnel, and regulatory access, and actively attract world-class enterprises and talents to achieve industrial upgrading and iteration in the park."

Currently, Luohu is actively engaging with centrally administered state-owned enterprises as well as Hong Kong and overseas enterprises, while introducing high-quality medical, educational, and consumer resources into the B1 plot. This effort aims to promote the construction of a demonstration park for cross-border strategic emerging industries and modern service industries cooperation.

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