Shenzhen Qianhaiwan Bonded Port was formally approved by the State Council on October 18 as China’s ninth domestic bonded port.
The new bonded port is planned at 3.71 square kilometres. Within the port area, business operations such as international transit, distribution, procurement, trade as well as export processing, will be entirely subject to tax revenue and foreign exchange management policies applicable for foreign goods in either a free trade zone or an export processing zone. Following stipulations by the State Council, this bonded port will be in enclosed management, with quarantine and inspection facilities constructed in accordance with relevant provisions by the Customs on special-supervision areas.
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