Core Insights - The article highlights the transformation of Qianhai from a barren land to a modern service industry cooperation zone, emphasizing its role in deepening cooperation between Shenzhen and Hong Kong and fostering financial innovation and legal development [1][2]. Group 1: Development and Achievements - Qianhai's development plan, approved by the State Council, aims for high-quality growth and has seen 115 out of 271 key tasks implemented, contributing to a modern service industry value added of 146.03 billion yuan with a steady growth rate of 7.9% [1]. - The number of Hong Kong-funded enterprises in Qianhai has reached 10,577, with a registered capital of 846.14 billion yuan, showcasing the deep integration of Hong Kong capital into the local economy [2]. Group 2: Institutional Innovation - Qianhai is positioned as a "reform laboratory" and a testing ground for institutional innovation, with 17 out of 48 reform measures from the Shenzhen comprehensive reform pilot implemented in Qianhai [3]. - The introduction of the "one evaluation, dual certification" model allows projects to obtain both mainland and Hong Kong green building certifications simultaneously, indicating a significant advancement in regulatory cooperation [2]. Group 3: Quality of Life and Community Integration - Qianhai is evolving from a purely industrial zone to a modern city, with initiatives aimed at creating a livable environment for Hong Kong residents, including healthcare and education services [5][6]. - The establishment of the first internationalized street featuring Hong Kong brands enhances the cultural integration and livability of Qianhai, contributing to a vibrant community atmosphere [5]. Group 4: Future Directions - Qianhai faces challenges in leading innovations in artificial intelligence and cross-border data flow, aiming to transition from a follower to a demonstrator in high-standard international trade rules [6][7]. - The next phase for Qianhai involves not only maintaining rapid development but also addressing the complexities of being a testing ground for institutional openness and international economic rules [7].

Core Viewpoint - The "Qianhai Model" has been established over 15 years, focusing on cross-border flow of factors and rule alignment, contributing to high-level openness and quality development in the Guangdong-Hong Kong-Macao Greater Bay Area [1] Group 1: Cross-Border Data Flow - The successful test of the Shenzhen-Hong Kong cross-border data security and convenience channel on July 1 allows data from Hong Kong University Shenzhen Hospital to be transmitted to Hong Kong's "Medical Health" system [2] - The new internet exchange center in Qianhai supports a full-chain management model that is controllable, risk-aware, and traceable, laying the foundation for the "Health Bay Area" [2] - Over 30 small and medium-sized enterprises in mainland China have successfully verified credit data through the platform, obtaining loans totaling over 100 million HKD [2] Group 2: Cross-Border Financial Innovations - The first cross-border settlement of 200 million yuan using a digital currency bridge was achieved on April 10, 2025, marking a significant development in cross-border digital currency transactions [3] - The "30 Financial Support Policies for Qianhai" have been implemented with over 90% success rate, leading to numerous innovative financial achievements and enhancing Hong Kong's status as an international financial center [3][4] Group 3: Cross-Border Professional Practices - The Qianhai Ma Wan No. 19 unit school will implement a Hong Kong and international construction management model, serving as a pilot project for the new management approach [5] - 26 categories of professionals from Hong Kong and Macao can now practice in Qianhai without taking mainland qualification exams, facilitating their integration into the mainland market [6] - The establishment of a global professional talent service system is underway, promoting orderly recognition of professional qualifications from Hong Kong and Macao [6]