DUBBED AS CHINA’S “SILICON VALLEY”, SHENZHEN IS A GLOBAL LEADER IN HIGH-TECH DEVELOPMENT, FINANCIAL SERVICES, FOREIGN TRADE, SHIPPING, AND THE CREATIVE AND CULTURAL INDUSTRIES, WITH A MISSION TO MODEL CHINA’S STRUCTURAL REFORMS AND ITS CONTINUED OPENING UP TO THE OUTSIDE WORLD

Strategically located within the Pearl River Delta region of Guangdong Province and sharing a border with Hong Kong, Shenzhen is a vital part of the economic golden triangle of Hong Kong, Macao, and Guangzhou. Supported by the Pearl River’s rapid development and the implementation of the Greater Bay Area Initiative, it has transformed into one of the most important, fastest-growing cities in China and the world.

THE KEY ECONOMIC ENGINE OF CHINA’S ‘GREATER BAY AREA INITIATIVE’
  • Shenzhen’s GDP reached 2.77 trillion RMB ($430.3 billion) in 2020, up 6.3%|
  • Shenzhen ranks 3rd in GDP output among Chinese major cities
  • Shenzhen accounts for approximately 2.7% of China’s national GDP
  • Shenzhen ranks 5th in terms of GDP output of major cities in Asia.
SHENZHEN SELECTED AS PILOT CITY FOR CHINA’S MARKET BASED REFORMS
  • Shenzhen is at the forefront of the government’s efforts to reform its national economy further opening to international companies.
  • Shenzhen was China’s 1st special economic zone (SEZ)
  • A central hub for hi-tech innovation and regarded as China’s Silicon Valley
  • Shenzhen is allocating 260 billion RMB ($40.2 billion) to infrastructure investment planning.
TRADE
  • In 2020, the total value of goods imported to Shenzhen equaled35 trillion RMB ($208.5 billion), increasing from 1.31 trillion RMB ($202.3 billion), in 2019.
  • Total foreign trade reached 3.05 trillion RMB ($471.05 billion), increasing 2.4% Y/Y.
WEALTH
  • The per capita disposable income of Shenzhen residents in 2020 was 64,878 yuan (US$10,024), a nominal increase of 3.8 percent over 2019.
  • Shenzhen is the  global  headquarters of  Huawei (tech), Tencent (tech), Ping’an Holdings (financial & insurance services), China Merchants Bank (financial services), SF Express (logistics), ZTE (tech), BYD (automotive), Vanke (real estate), and more.
GDP PER CAPITA (CHINA RANKING)
  • Shenzhen is at the forefront of the government’s efforts to reform its national economy further opening to international companies.
  • Shenzhen was China’s 1st special economic zone (SEZ)
  • A central hub for hi-tech innovation and regarded as China’s Silicon Valley
  • Shenzhen is allocating 260 billion RMB ($40.2 billion) to infrastructure investment planning.
GLOBAL AND INFIVIDIAL RANKINGS
  • 8th Shenzhen Stock Exchange Market Cap: 4.55 trillion USD
  • 9th Global Financial Centers Index
  • 3rd Container port by volume of goods shipped
  • 3rd (China) 1,355 high-net-worth-individuals in China, 30 million USD+ (1,700 Shanghai / 1,390 Beijing) source: Barron’s
  • 3rd (China), 7th (Global)
  • 44 – number of Billionaires