Abstract
Qianhai, an innovation park in Shenzhen, seeks to become a global centre of innovation. The lessons that the Qianhai’s law teach us could apply to other special economic and innovation zones worldwide. Yet, problems with its legal design plague the US$4.5 billion project. Some of these include weak and abstract rulemaking as well as a lack of objectives and devolved authorities. Fixing the existing law governing the Qianhai region will require a Hong Kong-Shenzhen Agreement (giving Hong Kong a greater stake and say in the region), privatizing the Qianhai Authority, revising Hong Kong law to allow for easier and more profitable university spin-outs, retargeting the subsidies used in the region, and fixing the innovation agencies in the region (most notably Hong Kong’s).
Acknowlegment
I would like to thank the Hong Kong RGC Research Impact Fund Balancing the Opportunities and Risks of Financial Technology: FinTech Regulation and Policy (Grant number R7054-18) for their financial contribution. All errors remain my own.
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Articles in the same Issue
- Frontmatter
- Articles
- Enhancing Access to Justice Through Donor-Led Legal Aid Initiatives: International Normative Framework, Practical Approaches, and Some Findings from the Field
- Enforceability of International Rule of Law Benchmarks in Legislative Process: The Abrogation of Secondary Legislation in Kosovo
- The Legal and Administrative Design of the Qianhai Special Economic Zone
- Foundations of the Digital Economy in Small States
- Harnessing African Free Trade Area and WTO for Clean Energy Transition
- Using Competition Law to Link Regulation and Development
- The Nusantara Capital City Project: Why Development and Human Rights Do Not Always Mix
- Notes
- The Reform for Secured Transactions Regime with the Doing Business Indicator: A Case of Laos
Articles in the same Issue
- Frontmatter
- Articles
- Enhancing Access to Justice Through Donor-Led Legal Aid Initiatives: International Normative Framework, Practical Approaches, and Some Findings from the Field
- Enforceability of International Rule of Law Benchmarks in Legislative Process: The Abrogation of Secondary Legislation in Kosovo
- The Legal and Administrative Design of the Qianhai Special Economic Zone
- Foundations of the Digital Economy in Small States
- Harnessing African Free Trade Area and WTO for Clean Energy Transition
- Using Competition Law to Link Regulation and Development
- The Nusantara Capital City Project: Why Development and Human Rights Do Not Always Mix
- Notes
- The Reform for Secured Transactions Regime with the Doing Business Indicator: A Case of Laos