Innovation

Innovation is in the blood of Shenzhen. As the first national demonstration city for innovation in China, Shenzhen is accelerating the pace of developing itself into an international technology and industrial innovation center. Its industries such as electronic information, Internet, biology and new energy are in the leading position. A lot of high-tech companies such as Huawei, ZTE, Tencent, BYD Auto, BGI Group, DJI, Kuang-Chi and Royole established their headquarters here. It is true to call Shenzhen A city of Innovation.

  • Ranks top again in the Top 30 Most Innovative Chinese Cities 2018 released by Forbes China >>to report
  • The Economist calls Shenzhen the Silicon Delta >> to article
  • Ranks top again in China's Top Ten Innovative Cities by China Institute of City Competitiveness
  • Wins the title of one of the Best Cities for Innovation and Entrepreneurship in China
  • In the Global Innovation Index 2018 Report jointly released by the World Intellectual Property Organization and other organizations, Shenzhen-Hong Kong region ranks the second in terms of the global innovation cluster >>to report
  • Social R&D investment exceeds USD 14.9 billion (RMB 100 billion), accounting for 4.16% of GDP
  • Files the most PCT international patent applications in China
  • Number of state-level high-tech enterprises ranks the 2nd across China

 

Economy

Shenzhen is the most “market-oriented” city and the first special economic zone in Mainland China. The market economy is fully developed and perfected. The market environment is fair and the enterprises are fully respected. In 2018, Shenzhen's GDP exceeded USD 358.2 billion (RMB 2.4 trillion), making it one of the fastest growing cities in the world. It has transformed itself from a small fishing village into one of the most developed cities in China.

There are seven Fortune Global 500 companies that established in Shenzhen, namely Ping An, Huawei, China Merchants Bank, Amer, Vanke, Tencent and Evergrand. Shenzhen is not only a world-class entrepreneur homeland, but also a cradle of startups.

  • One of the Most Successful SEZ among 4,300 SEZs in the world by the Economist
  • One of the first batch of the Broadband China demonstration cities and pilot cities for information benefits
  • the 20thof the GFCI Global Financial City and the 3rd among those listed in Mainland China
  • In terms of economic competitiveness, Shenzhen ranks the 5thin Global Competitiveness Report 2018-2019
  • GDP exceeds USD 358.2 billion (RMB 2.4 trillion) in 2018, ranking top 5 in Asian cities
  • Shenzhen is home to seven Fortune Global 500 companies (Tencent, Huawei, China Merchants Bank, Amer International Group, Vanke, Ping An Insurance and Evergrand Group)
  • Over 280 of the Fortune Global 500 companies have invested in Shenzhen
  • The total volume of 3.05 million commercial entities in Shenzhen rank the 1st in China in terms of the volume and density

 

Service

The Shenzhen Municipal People’s Government is one of the most efficient governments in China. It advocates a government under the rule of law, a service-oriented government, and a clean government. Shenzhen makes full use of the advantages of its legislative power as a special economic zone and makes unremitting endeavor to build a fair, transparent and easy business environment. As the first special economic zone in China, Shenzhen is the window and experimental field of China's reform and opening up.

In order to achieve marketization, rule of law and internationalization, Shenzhen has carried out a number of reform project, streamlined administration and delegate power to the lower levels, optimized the process of business, and took the lead in promoting the reform of the commercial registration system in China, simplifying the process of establishing companies, and stimulating entrepreneurial enthusiasm. The registering for companies has been shortened from 20 working days to one working day.

  • Shenzhen ranks the first in the evaluation of government under rule of law in 2018 Annual Assessment Report on China’s Law-Abiding Government
  • Ranks the third in the evaluation of comprehensive competitiveness of Chinese cities in the Blue Book of Urban Competitiveness issued by the Chinese Academy of Social Sciences
  • Ranks the fourth in 2018 Shenzhen City Health Development Index
  • Ranks top in the 2018 China Top Ten Efficient Government Rankings released by the China Institute of City Competitiveness

 

Vitality

Shenzhen is a window for China’s Opening up and a new city for migrants. With a large amount of talents gathering here, Shenzhen is vigorous. A well-known slogan in Shenzhen goes like this—Once you’ve come, you’re a Shenzhener. Shenzhen’s unique demographic structure makes it a dynamic market with many talents gathering here together, which forms its open, inclusive and innovative personalities. Here in Shenzhen, people can enjoy different cultures and exchange different ideas. Innovations, creative ideas and inventions emerge in an endless stream, making Shenzhen a city for global makers.

  • Wins the title of Global Model for the Promotion of Reading by UNESCO
  • Has more than 1.55 million registered volunteers, being called the City of Volunteers
  • Wins the title of National Harmonious Community Construction Demonstration City
  • Wins the title of the 5th National Civilized City
  • Has 95% of residents migrating from other cities
  • The median age of the public is only 33 years old
  • The number of Shenzhen’s working-age population accounts for more than 90% of the total population

 

Transportation

Adjacent to Hong Kong, Shenzhen enjoys unique geographical advantages. It is a significant transportation hub in the Asia-Pacific region under the Belt and Road Initiative. The international deep-water port, large international airport, the largest land port, important expressways, national railways and passenger lines all meet here in Shenzhen.

The Pearl River Delta, where Shenzhen is located, has unparalleled capabilities of providing hardware support in the world. With Shenzhen as the center, it can enable people to purchase various industrial supporting elements within one-hour drive. Scientific research results can be quickly transformed into innovative products. Shenzhen is close to the most developed markets in the world. With the 24-hour customs clearance service, people can go to Hong Kong at any time. It only takes them 23 minutes to get to Hong Kong from Shenzhen, and one hour drive to Hong Kong Airport. After the products are manufactured, they can be sent to the world through the Shenzhen-Hong Kong ports within an hour.

  • Wins the title of One of the Top Ten Cities in Asia Pacific in fDiMagazine
  • Ranks top in terms of the subway comprehensiveness by China Urban Cities’ Transit-Oriented Development Index Report.
  • Becomes the No.1 export city for 26 consecutive years with a total foreign trade import and export value of USD 447.8 billion (RMB 3 trillion)
  • Ranks Fourth in the world container port with its large throughput in 2018
  • Enjoys the sharpest increase in the number of international air passengers

 

 

Nature

Located in the south of the Tropic of Cancer and between tropical and subtropical areas, Shenzhen is a beautiful city with warm and pleasant climate. With a coastline of around 260 km, the coastal scenery is magnificent, and the natural environment is picturesque. Apart from having great ecological environment, Shenzhen attaches great importance to the development philosophy of Green and Low Carbon. With green and low carbon as its new personalities, Shenzhen encourages better economic development that consumes less resources and energy.

  • Elected as one of UNEP' s Global 500 Roll of Honour, and China’s first International Garden City
  • Has one of the eight best coastlines in China
  • One of the 31 Places to Go listed by The New York Times
  • Shenzhen comes in 2nd in Lonely Planet’s Top 10 Cities to Visit in 2019
  • One of the Top 3 Most Popular cities in Mainland China with foreign talents by International Talent
  • At present, there are 942 parks in Shenzhen, and the green coverage ratio of the built-up areas exceeds 45%.
  • Energy consumption and water consumption per USD 1,493 (RMB 10,000) GDP are at the lowest level among cities in Mainland China
  • Ranks top in terms of air quality in Mainland China

 

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