Shenzhen

Shenzhen is located along the mid-southern coastline of Guangdong Province, bordering Hong Kong's New Terrories. It is a key link between Hong Kong, the specially-administered district and mainland China. Due to the Reform and Opening Policy 1978, which turned Shenzhen into one of the first Special Economic Zones (SEZ) in China in 1980, the former tiny fishing village was quickly transformed into a vibrant and booming metropolis. The economic environment of Shenzhen consists of four pillar industries: high-tech, modern logistics, financial services and the cultural industry.  [insert image]

Information presented on this page are introductory business intelligence on the respective region, and thus it cannot serve as a substitute for official information released by government agencies or similar institutions. For the most up-to-date information, please refer to the information sources or speak to a Dezan Shira & Associates representative. 

General

Area: 1996.85 km2 (2013)

Population: 10.63 million (2013)

GDP: US$233.63 billion (2013)

Business

Minimum Wage: RMB16.50/hour; RMB1,808/month (2014)

Average Housing Price (Rent): RMB53.44/m2 /month; national ranking 3rd (2014)

Average Housing Price (Purchase): RMB26,232/m2/month; national ranking 3rd (2014)

Average Office Rental Price: High; Futian District RMB64.74/m2/month (2014)

Overall Cost of Living: Moderate-High

RELATED: A Complete Guide to China's Minimum Wage Levels by Province, City and Districts

Sources

Baidu Encyclopedia--Shenzhen

Shenzhen Bureau of Human Resources and Welfare Services

Xitai Statistics

Air

The Shenzhen Bao'an International Airport is China’s fourth-busiest airport, operating 118 domestic routes and 37 international routes (including Hong Kong, Macau and Taiwan).

Official Website: http://eng.szairport.com/

Purchasing a Ticket: http://english.ctrip.com/

Port

According to the World Shipping Council, Shenzhen has the fourth largest container port globally, accounting for an annual throughput volume of 22.94 million TEUs in 2012. Shenzhen has nine business ports, such as the Shekou Port and Yantian Port. There are 33 shipping companies registered in the city with more than 190 vessels, 46 international sea routes Shenzhen ports to those in Europe, Asia and the Pacific regions.

Shenzhen Bay Port is a large port that services border crossing between Shenzhen and Hong Kong, known as the Hong Kong-Shenzhen Western corridor. The daily two-way traffic is expected to increase to some 60,300 vehicles and 61,300 passengers per day by 2016. The Shekou Port services the offshore oil industry drilling in the South China Sea.

Shenzhen Port Association: http://www.szports.org.cn/

Railway

Two major railway lines the Beijing-Guangzhou Line and the Beijing-Kowloon Railway, both pass through the city. The Guangzhou-Shenzhen segment of the Guangzhou-Shenzhen-Hong Kong High-Speed Railway has been in operation since August 2011; the Hong Kong segment, currently under construction, is expected to begin operation at the end of 2017.

Purchasing a Ticket Online (in Chinese): https://kyfw.12306.cn/otn/leftTicket/init

Finding a Ticket Station (in Chinese): https://kyfw.12306.cn/otn/queryAgencySellTicket/init

Road

There are 2,800 kilometers of roads and 200 kilometers of expressways in Shenzhen. More than 150 buses travel between Shenzhen and Guangzhou daily, and 300 buses shuttle between Shenzhen and Hong Kong.

Long-distance Shuttle Bus (in Chinese): http://jt.sz.bendibao.com/keche/

Subway/Metro

Shenzhen is the sixth city to implement a underground subway system in China. Shenzhen has five subway lines as of 2014.

Subway Map & Schedule: http://www.szmc.net/page/en/index.html

Shenzhen is one of the seven Speical Economic Zones (SEZ) in China. The Shenzhen SEZ was established in 1980, and it was one of the first four SEZs in the country. SEZs are given favourable policies to attract foreign direct investment and focused on exports goods from 

The economic environment of Shenzhen consists of four pillar industries: high-tech, modern logistics, financial services and the cultural industry. It is noteworthy that Shenzhen is home to the Shenzhen Stock Exchange (SSE). The SSE is a mutualized national stock exchange under the China Securities Regulatory Commission that provides a venue for securities trading to a broad spectrum of market participants, including over 1,500 listed companies as of 2014.

Due to its close proximity Hong Kong, Shenzhen has strong economic ties with the specially administered region. Hong Kong is its main export destination. In 2012, export to Hong Kong was US$146.37 billion, accounting for 53.94% of Shenzhen's total export volume. Shenzhen has also managed to attract substantial amounts of foreign direct investments---the utilized FDI in 2013 reached US$5.23billion, of which 34.4 percent went into the manufacturing sector.

Under State direction, Shenzhen aims to focus on innovation as its dominant strategy for future development. The number of Shenzhen’s Patent Cooperation Treaty application ranked first in China over eight consecutive years.

 

Sources

HKTDC Research: http://china-trade-research.hktdc.com/business-news/article/Fast-Facts/Shenzhen-Guangdong-City-Information/ff/en/1/1X000000/1X09VT4H.htm

Shenzhen Government Online: http://english.sz.gov.cn/iis/iis1/

Shenzhen High-Tech Industrial Development Zone (HIDZ)

The Shenzhen HIDZ encompasses an area of 158.5 km2 including a high-tech industry zone of around 50.9 km2. Located next to the Shenzhen bay and surrounded by tourist estates and shopping centers, the HIDZ is designated to firms that bring in foreign technology and investment, namely those that are focused on:

·       scientific R&D, incubation of scientific and technological innovations;

·       industrialized production;

·       export processing;

·       electronics and IT

·       biological technology;

·       integrated machinery; and

·       electronic technology.

Authorities of the Shenzhen HIDZ also provide certain investment incentives, such as low-interest loans and angel investment program, for foreign firms that operate with high-end technology to set up their business in the zone.

Official Website (in Chinese): http://www.shipsc.org/default.asp

Shenzhen Futian Bonded Zone (BZ)

Approved by the State Council in1991, the Futian Bonded Zone encompasses an area of 1.35 km2 with a residential quarter of 0.33 km2. The Futian BZ is located west of the Huanggang Port and sits adjacent to the Guangzhou-Shenzhen expressway in the north. The Huanggang subway terminal connects the bonded zone to the Hong Kong northwest railway. Key industries within include developing high-tech industries, logistics, and warehousing.

The Futian BZ is designated for strengthening economic cooperation with Hong Kong due to its strategic geographic location. Bonded zones often include favourable tax policies on imports and exports, such as custom reduction/exemption.

Official Website (in Chinese): http://www.ftbsq.cn/index.aspx

Shenzhen Yantian Port Bonded Zone (BZ)

The Yantian Port is one of the largest container terminals in China with 46 international routes linking it to Europe, Asia, and the Pacific Region. The port is also integral Shenzhen’s waterway transportation network. The Yantian Port is divided into two parts: the southern and northern section linked by an insulating viaduct. It has a specialized passageway for direct access to the quay operation area. In addition to a well developed waterway network, the development zone has a 24 kilometer Pinghu-Yantian railway, linking it to the Beijing-Guangzhou and Beijing-Kowloon railway.

The Yantian Bonded Zone is managed by the Shenzhen Yantian Bonded Zone Investment and Development Ltd. Bonded zones often include favourable tax policies on imports and exports, such as custom reduction/exemption.

Official Website (in Chinese): http://www1.ytport.com/Index.html

Shenzhen Shatoujiao Bonded Zone

The Shenzhen Bonded Zone is one of the earliest free trade zones in China. Located near the Yantian container terminal, it emcompasses an area of 0.27 square kilometers, of which 0.15 percent have been allocated for residential purposes. Key industries in the zone include the export processing of computers, toys, jewelry and gold.

Shenzhen Export Processing Zone (EPZ)

Approved by the State Council in 2000, the Shenzhen EPZ is located in the Longgang Grand Industrial Zone within an area of three square kilometers. Key industries are mainly high-tech and export-oriented. EPZs often have favourable tax policies on exports, such as bonded warehouses, as well as convenient and simplified custom procedures.

  • European Chamber of Commerce
    Rm 308, 3/F Chinese Overseas Scholars Venture Bld, South District, Shenzhen Hi-tech Industry Park
    Tel: +86 (755) 8632 9114
    Fax: +86 (755) 8632 9785
    Website: http://www.europeanchamber.com.cn/en/contact-us-shenzhen
  • French Chamber of Commerce
    "3/F, Room 318, Chinese Overseas Scholars Venture Building, South District, "
    Tel: + 86 755 8632 9602 
    Fax: +86 755 8632 9736
    Website: http://www.ccifc.org/index.php/fre/la_ccifc/contact_plan_d_acces
  • German Chamber of Commerce
    "Room 217, Chinese Overseas Scholars Venture Building, Hi-Tech Industrial Park, Nanshan District "
    Tel: +86-755-8635 0487 
    Fax: +86-755-8632 9759 
    Website: http://china.ahk.de/about-us/contact-us-in/south-southwest-china/shenzhen/
  • Grand Hyatt
    1881 Baoan Nan Road
    Tel: +86 755 8266 1234
    Website: http://shenzhen.grand.hyatt.com/en/hotel/home.html
  • Intercontinental
    9009 SHENNAN ROAD
    Tel: +86-755-33993388
    Website: http://www.intercontinental.com/hotels/gb/en/shenzhen/szxha/hoteldetail?sicontent=0&sicreative=8860229605&sitrackingid=274629633&cm_mmc=Google-PS-IC_DE-_-G+B-GC-_-CHN-Shenzhen-_-intercontinental+shenz
  • Kempinski
    Hou Hai Bin Road ,P.O. Box 113.9389,
    Tel: +86 755 8888 8888
    Website: http://www.kempinski.com/en/shenzhen/hotel-shenzhen/welcome/
  • Shangri La
    East Side, Railway Station, Jianshe Road
    Tel: (86 755) 8233 0888
    Website: http://www.shangri-la.com/shenzhen/shangrila/
  • Sheraton Dameisha
    9 Yankui Road,Dameisha, YantianShenzhen,Guangdong518083
    Tel: (86)(755) 8888 6688
    Website: http://www.starwoodhotels.com/sheraton/property/overview/index.html?propertyID=1968&language=de_DE
  • Sheraton Futian
    Fuhua Road, Futian DistrictShenzhen,Guangdong518048
    Tel: (86)(755) 8383 8888
    Website: http://www.starwoodhotels.com/sheraton/property/overview/index.html?propertyID=1709
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