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China’s recently announced the expansion of a special economic zone in Shenzhen as part of plans to further business links with Hong Kong, including its financial sector.

The Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone will grow from around 15 square kilometers to over 120 square kilometers, according to a statement by China’s State Council.

«The new blueprint was formulated to help Qianhai better play an exemplary and leading role in the development of the Guangdong-Hong Kong-Macao Greater Bay Area,» the statement said.

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