Shenzhen Company Formation Service
Hotline: 86-755-82147392, Email:info@citilinkia.com
Overview
In close proximity to the north of Hong Kong, Shenzhen is a city of sub-provincial administrative status in the southern province of Guangdong. Under economic liberalization policies of the 1980s carried out by reformist leader Deng Xiaoping, the city became China’s first - and ultimately the most successful - Special Economic Zone (SEZ).
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Business Environment
Since the mid-1990s, Shenzhen has focused on seven major industries, which include computer software, IT, microelectronics and components, video and audio products, electro-mechanical integration, and key projects of light industry and energy. Meanwhile, newer industries such as pharmaceuticals, medical equipment, biotechnology, and new materials have also grown rapidly. Electronics and telecom equipment manufacturing is the city's largest industry.
Although Shenzhen has traditionally been an export-oriented economy, its focus has changed over the last decade to a greater emphasis on high-value added production and services. Due to the global economic slowdown however, Shenzhen’s GDP is expected to grow by only 10% in 2009, a figure that is historically low for Shenzhen. The national, provincial and city governments, in response, are focusing their stimulus spending for Shenzhen on infrastructure, integration of the financial services sector with Hong Kong, and other elements that will allow Shenzhen’s economy to continue its rise up the value chain
Special Industrial Zones:
Shenzhen Hi-Tech Industrial Park
Qianhai Industrial Park
Shiyan Industrial Park
South Guangming Industrial Park
Baolong Industrial Park
Shenzhen Grand Industrial Zone
Eco-agricultural Zone
East Ocean Industrial Park
Fine Chemical Industrial Park
National Biomedicine Industry Base
Virtual University Park and Free Trade Zone
Shenzhen has direct jurisdiction over seven districts, four of which comprise of the SEZ: Luohu, Futian, Nanshan, and Yantian. Luohu is the financial and trading centre of Shenzhen, located in the centre of the SEZ and adjacent to Hong Kong. Futian sits at the heart of the SEZ, and is where the Municipal Government resides. Nanshan is the centre for high-tech industries, while Yantian is known for its logistics and port management.
Market Access
Perhaps due to a combination of Shenzhen’s proximity to Hong Kong and its status as the most successful SEZ, Shenzhen is mainland China’s most transparent economy. In many ways, Shenzhen is a pioneer in liberalization, both in terms of trade and politics. However , the customs regulations, import/export inspections, and other regulations enforced in mainland China can still be burdensome .
Major Stakeholders:
Notable Domestic Enterprises
Huawei, Tencent,
ZTE, Lenovo,
China Merchants Bank,
Ping An Insurance, and
Shenzhen City Commercial Bank, Konka.
Many of the world’s top 500 enterprises and well-known multinational companies have established their presence in Shenzhen, including many of the world’s top brands in the high-tech industries.
Contact Us
For further queries, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82148419, 86-755-82143512, or emailing to info@citilinkia.com