Abstract
The Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone is the bridgehead of new-round reform and opening up, and institutional innovation is the core for the development and opening up of the Qianhai Area. This paper analyzes the functions and location of institutional innovation in the Qianhai Area by introducing the fundamental theories of institutional innovation; it also summarizes the stage achievements obtained by the Qianhai Area from institutional innovation, and further puts forward the choice of route towards the institutional innovation of the Qianhai Area.
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Notes
- 1.
Yong Wei, Annual Report on the Development of the Shenzhen Qianhai Cooperation Zone.
- 2.
It means that with the development of direct financing, monetary funds are delivered to the demand side through some new institutions or means rather than the media system—commercial banks; in fact, it refers to disintermediation of fund accommodation.
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Wei Y (2014) Annual report on the development of the Shenzhen Qianhai cooperation zone (2014). Annual Report on the Development of China’s Special Economic Zones (2014). Social Sciences Academic Press
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Wei, Y. (2019). The Development of the Qianhai Cooperation Zone from the Perspective of Institutional Innovation. In: Yuan, Y. (eds) Studies on China's Special Economic Zones 2. Research Series on the Chinese Dream and China’s Development Path. Springer, Singapore. https://doi.org/10.1007/978-981-13-6675-8_8
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DOI: https://doi.org/10.1007/978-981-13-6675-8_8
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