Shenzhen’s Qianhai new area will allow foreign companies to bid for a commercial site in the experimental zone, the Hong Kong Economic Journal reported Tuesday, citing an official statement. The site covers 51,416 square meters, of which 477,000 square meters can be built on. More than 303,300 square meters are allocated for offices and 50,000 square meters for hotels, the report said. Bidding is open to domestic and foreign firms and they have until Jan. 23 to file their documents. The winners cannot sell or pledge their stakes in the development within three years after construction is completed, the report said.
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