Qianhai, also known as Qianhai New District, is a commercial development located in Shenzhen, Guangdong. Covering an area of approximately 15 square kilometers, it aims to be a hub for innovation in the modern service industry and foster closer cooperation between mainland China and Hong Kong. With special policies like preferential tax rates and support for international financial services, Qianhai is set to become a leading center for finance, logistics, information services, technology, and other professional services. The project is expected to create jobs, housing, and amenities for residents by 2020, making it a promising hotspot for economic growth and collaboration.