Qianhai Financial Holding, the investment platform for Shenzhen’s Qianhai new area, is in full operational swing, the Shanghai Securities News reported Monday. Chairman Zhang Bei was quoted as saying that the company will try to gain controlling stakes in various financial firms and base them in the zone. The company will also promote cooperation between Shenzhen and Hong Kong. Qianhai Financial, which has registered capital of 2.5 billion yuan (US$413.46 million), will seek breakthroughs in business development, innovation and policy research this year, the report said.
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