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The Legal and Administrative Design of the Qianhai Special Economic Zone

  • Bryane Michael EMAIL logo
Published/Copyright: May 13, 2022

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).


Corresponding author: Bryane Michael, Department of Law, University of Hong Kong, Hong Kong, Hong Kong; and Department of Geography, University of Oxford, Hong Kong, Hong Kong, E-mail:

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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Published Online: 2022-05-13
Published in Print: 2023-02-23

© 2022 Walter de Gruyter GmbH, Berlin/Boston

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