Core Insights - The Shenzhen Qianhai Free Trade Zone has made significant strides in reform and opening up, focusing on creating a "five freedoms and one convenience" system to enhance trade, investment, finance, transportation, and personnel mobility [3][4][6]. Trade Facilitation - The Qianhai Free Trade Zone has implemented customs policies that allow for "one inspection, one certification, and one pass" for goods between Shenzhen and Hong Kong, leading to a performance evaluation that placed it in the A category for the first time in 2024 [4]. - The cross-border e-commerce sector in Qianhai has seen remarkable growth, with import and export volumes reaching 1210.3 billion yuan in 2024, doubling year-on-year [4]. Investment Environment - Qianhai has introduced a "second approval" model for enterprise registration, reducing the time for domestic company establishment from one day to mere seconds [7]. - The region has established a leading legal framework, including the first investor protection legislation in China, enhancing the business environment for both domestic and foreign investors [7][8]. Financial Services - The financial policies in Qianhai have achieved a 90% implementation rate, with significant cross-border financial activities, including over 850 billion yuan in cross-border receipts by the end of 2024 [8]. - The establishment of the Qianhai Equity Trading Center has contributed to a comprehensive financial service system that supports the real economy [8]. Modern Service Industry - Qianhai has broken down cross-border professional barriers, allowing 26 types of professionals from Hong Kong and Macau to practice without local qualification exams, thus enhancing talent mobility [9]. - The region has developed a cross-border data verification platform and launched the "Qianhai Card 2024" to facilitate data flow, contributing to a more integrated digital economy in the Greater Bay Area [10]. Future Outlook - The Qianhai Free Trade Zone aims to continue its role as a pioneer in service trade innovation, striving for high-quality development and high-level openness, thereby establishing a unique "Qianhai model" [10].