About Shenzhen (wiki)

About Shenzhen (wiki)

Shenzhen Wiki

 

From Wikipedia, the free encyclopedia
 
 
Shenzhen
深圳市
Sub-provincial city
Top:East Pacific Center、KK100、Shun Hing SquareMiddle:Shenzhen Stock Exchange、Coastal CityBottom:Shenzhen Bay at night

Top:East Pacific Center、KK100、Shun Hing Square
Middle:Shenzhen Stock Exchange、Coastal City
Bottom:Shenzhen Bay at night
Location of Shenzhen City jurisdiction in Guangdong
Location of Shenzhen City jurisdiction in Guangdong

Shenzhen is located in China

Shenzhen
Shenzhen

Location in China

Coordinates: 22°33′N 114°06′ECoordinates: 22°33′N 114°06′E
Country China
Province Guangdong
County-level divisions 6
City March 1979
SEZ formed 1 May 1980
Government
 • Type Sub-provincial city
 • CPC Committee Secretary Wang Weizhong
 • Mayor vacant
Area
 • Sub-provincial city 2,050 km2 (790 sq mi)
 • Urban 1,991.64 km2(768.98 sq mi)
Elevation 0–943.7 m (0–3,145.7 ft)
Population (2016)
 • Sub-provincial city 11,908,400
 • Density 5,800/km2(15,000/sq mi)
 • Urban 11,908,400
 • Urban density 6,000/km2(15,000/sq mi)
 • Major ethnicities Han
Demonym(s) Shenzhener
Time zone China Standard (UTC+8)
Postal code 518000
Area code(s) 755
GDP (Nominal) 2016[1]
 – Total CNY 1.95  trillion
USD 284 billion
 – per capita CNY 167,411
USD 25,790
 – Growth Increase 9%
Licence plate prefixes 粤B
City flower Bougainvillea
City trees Lychee and Mangrove[2]
Website sz.gov.cn
 
Shenzhen
Shenzhen (Chinese characters).svg

“Shenzhen” in Chinese
Chinese 深圳
 
Hanyu Pinyin About this sound Shēnzhèn
Cantonese Yale Sāmjan or Sàmjan
Postal Shumchun
Literal meaning “Deep drains”

Shenzhen (  Mandarin: 深圳 is a major city in Guangdong Province, China and one of the five largest and wealthiest cities of China. The city is located immediately north of Hong Kong Special Administrative Region and holds sub-provincial administrative status, with powers slightly less than a province.

Shenzhen was a market town of 30,000 people on the route of the Kowloon–Canton Railway. That changed in 1979 when Shenzhen was promoted to city status and in 1980 designated China’s first Special Economic Zone (SEZ). Official statistics based on Hukou in 2010 put Shenzhen at a population of 10,357,938. However, this does not account for the large population of migrant workers living in the city. Official estimates put the actual population of Shenzhen to at least 18 million. Shenzhen was one of the fastest-growing cities in the world during the 1990s and the 2000s.

Shenzhen’s modern cityscape is the result of its vibrant economy made possible by rapid foreign investment since the institution of the policy of “reform and opening” establishment of the SEZ in late 1979.

Shenzhen is a major financial center in southern China. The city is home to the Shenzhen Stock Exchange as well as the headquarters of numerous homegrown multinational high-tech companies such as Tencent, ZTE, Huawei, and BYD.  Shenzhen ranks 19th in the 2016 edition of the Global Financial Centres Index published by the Z/Yen Group and Qatar Financial Centre Authority. It also has one of the busiest container ports in the world.[13]

 

History

Human habitation in Shenzhen dates back to ancient times. The earliest archaeological remains so far unearthed are shards from a site at Xiantouling on Dapeng Bay, dating back to 5000 BC. From the Han Dynasty (third century BC) onwards, the area around Shenzhen was a center of the salt monopoly, thus meriting special Imperial protection. Salt pans are still visible around the Pearl River area to the west of the city and are commemorated in the name of Yantian District (盐田, meaning “salt fields”).

The settlement at Nantou was the political center of the area from early antiquity. In the year 331 AD, six counties covering most of modern southeastern Guangdong were merged into one province or “jun” (郡) named Dongguan with its administrative center at Nantou. As well as being a center of the politically and fiscally critical salt trade, the area had strategic importance as a stopping off point for international trade. The main shipping route to India, Arabia, and the Byzantine Empire started at Guangzhou. As early as the eighth century, chronicles record the Nantou area as being a major commercial center and reported that all foreign ships in the Guangzhou trade would stop there. It was also as a naval defence center guarding the southern approaches to the Pearl River.

Shenzhen was also involved in the events surrounding the end of the Southern Song dynasty (1276–79). The Imperial court, fleeing Kublai Khan’s forces, established itself in the Shenzhen area. Lu Xiufu, the then-chief minister, realized all was lost and knowing the Mongolian forces would soon take over the area, he preferred suicide instead of the emperor being captured which might have brought shame to the dynasty.  He jumped off a cliff with Emperor Bing, aged 7, the last emperor of the Southern Song Dynasty strapped to his back, killing both. In the late 19th century the Chiu or Zhao (Zhao was also the Song Imperial surname) clan in Hong Kong identified that Chiwan (Chinese:赤湾), an area near Shekou as the final resting place of the Emperor and built a tomb for him. The tomb, since restored, is still at the same location.

 

An old Hong Kong railway sign rendering the city’s name as “Shum Chun”

Earliest known records that carried the name Shenzhen dates from 1410, during the Ming Dynasty.[18] Local people called the drains in paddy fields “Zhen” (). Shenzhen (深圳) literally means “deep drains” as the area was once crisscrossed with rivers and streams, with deep drains within the paddy fields. The character is limited in distribution to an area of South China with its most northerly examples in Zhejiang Province which suggests an association with southwards migration during the Southern Song Dynasty (12th and 13th centuries).[19] The County town at Xin’an in modern Nanshan dates from the Ming Dynasty where it was a major naval center at the mouth of the Pearl River. In this capacity, it was heavily involved in 1521 in the successful Chinese action against the Portuguese Fleet under Fernão Pires de Andrade. This battle, called the Battle of Tunmen, was fought in the straits between Shekou and Nei Lingding Island.

In November 1979, Bao’an County (宝安县) was promoted to prefecture level, directly governed by Guangdong province. It was renamed Shenzhen, after Shenzhen town. The administrative center of the county stood approximately around present location of the Dongmen.

1980 onwards as a Special Economic Zone

Shenzhen was singled out to be the first of the five Special Economic Zones (SEZ) in May 1980. Initially, the SEZ comprises an area of only 327.5 km2 of southern Shenzhen, covering the current Luohu, Futian, Nanshan and Yantian districts. The SEZ was created to be an experimental ground for the practice of market capitalism within a community guided by the ideals of “socialism with Chinese characteristics”.

In 1982 Bao’an County was re-established, though this time as a part of Shenzhen. The county was converted to become Bao’an District, which was out of the Special Economic Zone. Shenzhen was promoted to a Sub-provincial City in March 1983 and was given the right of provincial-level economic administration in November 1988. With a population of 30,000 in 1980, economic development has meant that by 2008 the city has had 12 million inhabitants

Shenzhen became one of the largest cities in the Pearl River Delta region, which itself is an economic hub of China, as well as the largest manufacturing base in the world.

For five months in 1996, Shenzhen was home to the Provisional Legislative Council and Provisional Executive Council of Hong Kong.

On 1 July 2010, the Shenzhen Special Economic Zone was expanded to include all districts, a five-fold increase over its pre-expansion size. In August 2011, the city hosted the 26th Universiade, an international multi-sport event organized for university athletes.[

Geography

Shenzhen
Climate chart (explanation)
J F M A M J J A S O N D
 
 
26
 
 
20
13
 
 
48
 
 
20
14
 
 
70
 
 
23
17
 
 
154
 
 
26
20
 
 
237
 
 
30
24
 
 
347
 
 
31
26
 
 
320
 
 
32
26
 
 
354
 
 
32
26
 
 
254
 
 
31
25
 
 
63
 
 
29
23
 
 
35
 
 
25
18
 
 
27
 
 
22
14
Average max. and min. temperatures in °C
Precipitation totals in mm
Source: Shenzhen Meteorological Bureau 1981–2010 normals

Shenzhen is located in the Pearl River Delta, bordering Hong Kong to the south, Huizhou to the north and northeast, Dongguan to the north and northwest. Lingdingyang and Pearl River to the west and Mirs Bay to the east and roughly 100 kilometres (62 mi) southeast of the provincial capital of Guangzhou. The municipality covers an area of 1,991.64 square kilometres (769 sq mi) including urban and rural areas, with a total population of 10,358,381 at the 2010 census.  It makes up part of Pearl Delta River built-up area with 44,738,513 inhabitants, spread over 9 municipalities (including Macau). The city is elongated measuring 81.4 kilometres from east to west while the shortest section from north to south is 10.8 kilometres.

Rivers and reservoirs

Over 160 rivers or channels flow through Shenzhen. There are currently 24 reservoirs within the city limits with a total capacity of 525 million tons.

Notable rivers in Shenzhen include the Shenzhen River, Maozhou River, and Longgang River. 

Islands

Shenzhen is surrounded by many islands. Most of them fall under the territory of neighbouring areas such as Hong Kong Special Administrative Region and Huiyang District, Huizhou. But there are several islands under Shenzhen’s jurisdiction, such as Nei Lingding Island, Dachan Island (Tai Shan Island), Xiaochan Island, Mazhou, Laishizhou, Zhouzai and Zhouzaitou.

Climate

Although Shenzhen is situated about a degree south of the Tropic of Cancer, due to the Siberian anticyclone, it has a warm, monsoon-influenced, humid subtropical climate (Köppen Cwa). Winters are mild and relatively dry, due in part to the influence of the South China Sea, and frost is very rare; it begins dry but becomes progressively more humid and overcast. However, fog is most frequent in winter and spring, with 106 days per year reporting some fog. Early spring is the cloudiest time of year, and rainfall begins to dramatically increase in April; the rainy season lasts until late September to early October. The monsoon reaches its peak intensity in the summer months when the city also experiences very humid, and hot, but moderated, conditions; there are only 2.4 days of 35 °C (95 °F)+ temperatures.  The region is prone to torrential rain as well, with 9.7 days that have 50 mm (1.97 in) or more of rain, and 2.2 days of at least 100 mm (3.94 in).  The latter portion of autumn is dry. The annual precipitation averages at around 1,970 mm (78 in), some of which is delivered in typhoons that strike from the east during summer and early autumn. Extreme temperatures have ranged from 0.2 °C (32 °F) on 11 February 1957 to 38.7 °C (102 °F) on 10 July 1980.

Administrative divisions

Shenzhen has direct jurisdiction over eight administrative Districts and two New Districts:

Administrative divisions of Shenzhen

Futian
Luohu
Nanshan
Yantian
Bao’an
Longhua
Pingshan
Longgang
Guangming
Dapeng
Division code Division Area in km2 Population 2010 Seat Postal code Subdivisions
Subdistricts Residential communities
440300 Shenzhen 1996.78 10,358,381 Futian 518000 70 775
440303 Luohu 78.75 923,421 Huangbei Subdistrict 518000 10 115
440304 Futian 78.65 1,317,511 Shatou Subdistrict 518000 10 115
440305 Nanshan 185.49 1,088,345 Nantou Subdistrict 518000 8 105
440306 Bao’an * 398.38 2,638,917 Xin’an Subdistrict 518100 10 123
440307 Longgang * 387.82 1,672,720 Longcheng Subdistrict 518100 11 111
440308 Yantian 74.63 209,360 Haishan Subdistrict 518000 4 23
440309 Longhua 175.58 1,379,460 Guanlan Subdistrict 518110 6 100
440310 Pingshan 167.00 300,800 Pingshan Subdistrict 518118 2 30
 
  Guangming 155.44 480,907 Guangming Subdistrict 518107 6 28
  Dapeng 295.05 126,560 Dapeng Subdistrict 518116 3 25
  Qianhai  
* — The stats do not include the subordinated new districts.
All new districts are management areas; not administrative divisions registered under the Ministry of Civil Affairs.
* – Guangming are subordinate to Bao’an
* – Dapeng are subordinate to Longgang

The Special Economic Zone (SEZ) comprised only Luohu, Futian, Nanshan, and Yantian districts until 1 July 2010, when the SEZ was expanded to include all the other districts, a five-fold increase over its pre-expansion size.

Adjacent to Hong Kong in southern China, Luohu is the financial and trading center of Shenzhen. Futian, at the heart of the SEZ, is the seat of the Municipal Government. West of Futian, Nanshan is the centre for high-tech industries. Formerly outside the SEZ, Bao’an and Longgang are located to the northwest and north-east, respectively, of central Shenzhen. Yantian is the location of Yantian Port, the second busiest container terminal in mainland China and the third busiest in the world.

Special Economic Zone Border

Land borders between Shenzhen SEZ and the rest of China existed before 2010. The border was known as 二线关 (pinyin: èr xiàn guān).

The border was set up since the establishment of the SEZ. Initially, the border control was relatively strict,  non-Shenzhen citizens must obtain special permissions for entering. Over the years, border controls have gradually weakened, and permission requirement has been abandoned.On 1 July 2010, the original SEZ border control was cancelled, and the Shenzhen Special Economic Zone was expanded to the whole city. The area of Shenzhen SEZ thus increased from 396 square kilometres (153 sq mi) to 1,9kilometers(754 sq mi). Since June 2015 the existing unused border structures have been demolished and are being transformed into urban green spaces and parks.

Although the Shenzhen Special Economic Zone have been extended to cover the whole of Shenzhen, colloquially Shenzhen is still said to be separated into two areas, with the original four districts comprising the SEZ before 2010 as 关内 (pinyin: guān nèi; literally: “within the border”) and the rest known as 关外 (pinyin: guān wài; literally: “outside of the border”).

Demographics

Graphics
Shenzhen population dynamics
Legend:

  population with permanent registration (hukou)
  population with non-permanent registration
Shenzhen official annual growth rate (%)

Shenzhen has seen its population and activity develop rapidly since the establishment of the SEZ. Shenzhen has an official population of over 10 million. About six million are registered non-local migrant workers who may return to their home town/city on the weekends and live in factory dormitories during the week. The population growth of Shenzhen proper slowed down to less than one percent per year by 2013 with growth spilling over the municipal border and forming a contiguous urban area with southern Dongguan and Huizhou Cities. However, due to the large unregistered floating migrant population living in the city, official estimates put Shenzhen’s population at around 20 million inside the administrative area.Shenzhen is the largest migrant city in China. 

There had been migration into southern Guangdong province and what is now Shenzhen since the Southern Song dynasty (1127–1279) but the numbers increased dramatically since Shenzhen was established in the 1980s. In Guangdong province, it is the only city where the local language, Cantonese, Hakka, or Teochew, is not the main language; it is Mandarin that is mostly spoken, with migrants from all over China. At present, the average age in Shenzhen is less than 30. The age range is as follows: 8.49% between the age of 0 and 14, 88.41% between the age of 15 and 59, and 3.1% aged 65 or above.

The population structure has great diversity, ranging from intellectuals with a high level of education to migrant workers with poor education. It was reported in June 2007 that more than 20 percent of China’s PhD graduates had worked in Shenzhen. Shenzhen was also elected as one of the top 10 cities in China for expatriates. Expatriates choose Shenzhen as a place to settle because of the city’s job opportunities as well as the culture’s tolerance and open-mindedness, and it was even voted China’s Most Dynamic City and the City Most Favored by Migrant Workers in 2014.

According to a survey by the Hong Kong Planning Department, the number of cross-border commuters increased from about 7,500 in 1999 to 44,600 in 2009. More than half of them lived in Shenzhen.  Though neighboring each other, daily commuters still need to pass through customs and immigration checkpoints, as travel between the SEZ and the Hong Kong Special Administrative Region (SAR) is restricted.

Mainland residents who wish to enter Hong Kong for visit are required to obtain an “Exit-Entry Permit for Travelling to and from Hong Kong and Macao”. Shenzhen residents can have a special 1-year multiple-journey endorsement (but maximum 1 visit per week starting from April 13, 2015) This type of exit endorsement is only issued to people who have hukou in certain regions. (See Exit-Entry Permit for Travelling to and from Hong Kong and Macau.)

Languages

Prior to the establishment of Special Economic Zone, the indigenous local communities could be divided into Cantonese and Hakka speakers, which were two cultural and linguistic sub-ethnic groups vernacular to Guangdong province. Two Cantonese varieties were spoken locally. One was a fairly standard version, known as standard Cantonese. The other, spoken by several villages south of Fuhua Rd. was called Weitou dialect.  Two or three Hong Kong villages south of the Shenzhen River also speak this dialect. This is consistent with the area settled by people who accompanied the Southern Song court to the south in the late 13th century.  Younger generations of the Cantonese communities now speak the more standard version. Today, some aboriginals of the Cantonese and Hakka speaking communities disperse into urban settlements (e.g. apartments and villas), but most of them are still clustering in their traditional urban and suburban villages. 

The influx of migrants from other parts of the country has drastically altered the city’s linguistic landscape, as Shenzhen has undergone a language shift towards Mandarin, which was both promoted by the Chinese Central Government as a national lingua franca and natively spoken by most of the out-of-province immigrants and their descendants. Despite the ubiquity of Mandarin Chinese, local dialects such as Cantonese, Hakka, and Teochew are still commonly spoken among locals. Hokkien and Xiang are also sometimes observed. 

Mandarin native speakers, whose majority are out-of-province immigrants are found unwilling to learn Cantonese, Hakka or Teochew, due to the perceived complexities of learning the dialects as well as Mandarin’s official use, educational priority, and use as a lingua franca. However, in recent years multilingualism is on the rise as descendants of immigrants begin to assimilate into the local culture through friends, television and other media. 

Religion

According to the Department of Religious Affairs of the Shenzhen Municipal People’s Government, the two main religions present in Shenzhen are Buddhism and Daoism. Every district also has Christian Churches, Catholic Churches and Mosques.

Economy

City economic overview

Shenzhen was the first of the Special Economic Zones to be established in China and it showed the most rapid growth, averaging at a very high growth rate of 40% per annum between 1981 and 1993, compared to the average GDP growth of 9.8% for the country as a whole. The economic growth later slowed after this early breakneck pace. From 2001 to 2005, Shenzhen’s overall GDP grew by 16.3 percent yearly on average. Since 2012, economic growth has slowed to around 10% per year. Shenzhen’s economic output is ranked fourth among the 659 Chinese cities (behind Beijing, Shanghai and Guangzhou). The city was ranked 19th in the 2016 Global Financial Centres Index. In the financial sector, large Chinese banks such as Ping An Bank and China Merchants Bank have their headquarters in Shenzhen.

In 2016, Shenzhen’s GDP totaled $294 billion, putting it on par with a mid-sized Chinese province by terms of total GDP. Its total economic output is higher than that of Portugal, the Republic of Ireland, and Vietnam. Its per-capita GDP was $25,790 (PPP=$48,227) (unregistered migrant population not counted) as of 2015, on par with some of the developed countries of the OECD.

Shenzhen is a major manufacturing center in China. In the 1990s, Shenzhen was described as constructing “one high-rise a day and one boulevard every three days”. The Shenzhen’s rapidly growing skyline is regarded among the best in the world. It currently has 59 buildings at over 200 meters tall, including the 599m tall Ping An Finance Centre (the 4th tallest building in the world) and the 442m tall Kingkey 100 (the 14th tallest building in the world). 

High-Tech Industry 

Shenzhen’s most important economic sector lies in its role as the headquarters for China’s High-tech companies. Shenzhen is home to many internationally successful high-tech companies, including Huawei, Tencent, BYD, Konka, Skyworth, Coolpad, ZTE, Gionee, TP-Link, DJI, BGI (Beijing Genomics Institute), OnePlus etc. Other prestigious Chinese companies also have large operation centers in Shenzhen include the China International Marine Containers, the largest container-manufacturing company in the world,  and Vanke which is among the largest residential real estate developers in China.  Taiwan’s largest company, Hon Hai Group, has a large manufacturing plant based in Shenzhen. Many foreign high-tech companies have their China operations centers located in the Science and Technology Park of the Nanshan District.

Due to its unique status, Shenzhen is also an extremely fertile ground for startups, be it by Chinese or foreign entrepreneurs. Successful startups include Petcube, Palette, WearVigo, Notch and Makeblock.   Shenzhen is also the product development base of the hardware startup accelerator, HAX Accelerator (formerly HAXLR8R). 

Shenzhen Convention & Exhibition Center is a large public construction project with multiple functions of hosting business activities, celebrations, conferences, conventions, entertainment events, exhibitions, restaurants and all kinds of shows.

Industrial zones

 

Shenzhen High-Tech Industrial Park

  • Shenzhen Hi-Tech Industrial Park (SHIP) was founded in September 1996. It covers an area of 11.5 km2 (4.4 sq mi). Industries encouraged in the zone include Biotechnology/Pharmaceuticals, Building/Construction Materials, Chemicals Production and Processing, Computer Software, Electronics Assembly & Manufacturing, Instruments & Industrial Equipment Production, Medical Equipment and Supplies, Research and Development, Telecommunications Equipment.
  • Shenzhen Software Park is integrated with Shenzhen Hi-Tech Industry Park, an important vehicle established by Shenzhen Municipal Government to support the development of software industry. The Park was approved to be the base of software production of the National Plan in 2001. The distance between the 010 National Highway and the zone is 20.8 km (12.9 mi). The zone has situated 22 km (14 mi) from the Shenzhen Bao’an International Airport.

Shenzhen Stock Exchange

 

Shenzhen Stock Exchange

The Shenzhen Stock Exchange (SZSE) is a mutualized national stock exchange under the China Securities Regulatory Commission (CSRC) that provides a venue for securities trading. A broad spectrum of market participants, including 540 listed companies, 35 million registered investors and 177 exchange members, create the market. Since its creation in 1990, the SZSE has grown with a market capitalization around 1 trillion yuan (US$122 billion). On a daily basis, around 600,000 deals, valued at US$807 million, trade on the SZSE.

Economic Cooperation with Hong Kong 

 

The Shenzhen Bay Bridge forms part of the Shenzhen Bay Port crossing, connecting Dongjiaotou in Shenzhen with Ngau Hom Shek in Hong Kong

Hong Kong and Shenzhen have close business, trade and social links as demonstrated by the statistics presented below. Except where noted the statistics are taken from sections of the Hong Kong Government website.

As of September 2016, there are nine crossing points on the boundary between Shenzhen and Hong Kong, among which six are land connections. From west to east these include the Shenzhen Bay Port, Futian Port, Huanggang Port, Man Kam To Port, Luohu Port and Shatoujiao Port. On either sides of each of these ports of entry are road and/or rail transportation.

In 2006, there were around 20,500 daily vehicular crossings of the boundary in each direction. Of these 65 percent were cargo vehicles, 27 percent cars and the remainder buses and coaches. The Huanggang crossing was most heavily used at 76 percent of the total, followed by the Futian crossing at 18 percent and Shatoujiao at 6 percent.[71] Of the cargo vehicles, 12,000 per day were container carrying and, using a rate of 1.44 teus/vehicle, this results in 17,000 teus/day across the boundary,  while Hong Kong port handled 23,000 teus/day during 2006, excluding trans-shipment trade.

Trade with Hong Kong in 2006 consisted of US$333 billion of imports of which US$298 billion were re-exported. Of these figures 94 percent were associated with China. Considering that 34.5 percent of the value of Hong Kong trade is air freight (only 1.3 percent by weight), a large proportion of this is associated with China as well.

Also in 2006 the average daily passenger flow through the four connections open at that time was over 200,000 in each direction of which 63 percent used the Luohu rail connection and 33 percent the Huanggang road connection. Naturally, such high volumes require special handling, and the largest group of people crossing the boundary, Hong Kong residents with Chinese citizenship, use only a biometric ID card (Home Return Permit) and a thumb print reader. As a point of comparison, Hong Kong’s Chek Lap Kok Airport, the 5th busiest international airport in the world, handled 59,000 passengers per day in each direction.

Hong Kong conducts regular surveys of cross-boundary passenger movements, with the most recent being in 2003, although the 2007 survey will be reported on soon  In 2003 the boundary crossings for Hong Kong Residents living in Hong Kong made 78 percent of the trips, up by 33 percent from 1999, whereas Hong Kong and Chinese residents of China made up 20 percent in 2006, an increase of 140 percent above the 1999 figure. Since that time movement has been made much easier for China residents, and so that group have probably increased further still. Other nationalities made up 2 percent of boundary crossings. Of these trips 67 percent were associated with Shenzhen and 42 percent were for business or work purposes. Of the non-business trips about one third were to visit friends and relatives and the remainder for leisure.

After Shenzhen’s attempts to be included in the Hong Kong-Zhuhai-Macau Bridge project were rejected in 2004, a separate bridge was conceived connecting Shenzhen on the Eastern side of the Pearl River Delta with the city of Zhongshan on the Western side: the Shenzhen-Zhongshan Bridge.

Qianhai[

Qianhai, which means “foresee” in Chinese language, formally known as the Qianhai Shenzhen-Hong Kong Modern Service Industries Cooperation Zone, is “a useful exploration for China to create a new opening up layout with a more open economic system.”  A 15 km² area located in western Shenzhen, Qianhai lies at the heart of the Pearl River Delta, adjacent to Shenzhen international airport. Strategically positioned as a zone for the innovation and development of modern services, Qianhai will facilitate closer cooperation between Hong Kong and mainland China, as well as act as the catalyst for industrial reform in the Pearl River Delta.  With the goal of loosening capital account restrictions, Qianhai authorities have indicated that Hong Kong banks will be allowed to extend commercial RMB loans to Qianhai-based onshore mainland entities. The People’s Bank of China has also indicated that such loans will for the first time not be subject to the benchmark rates set by the central bank for all other loans in the rest of China. According to Anita Fung from HSBC, “This new measure on cross-border lending will enhance the co-operation between Hong Kong and Shenzhen and accelerate cross-border convergence.”

Cityscape

The tallest building in Shenzhen is Kingkey 100, rising 441.8 metres (1,449 ft) and containing 100 floors of office and hotel spaces. Shenzhen is also the home to the Shun Hing Square (Diwang Building), the tallest in Asia (if the antenna is taken into account) when it was built in 1996. The city has 59 buildings over 200 m (656 ft) built and topped out, and 9 of them are over 300 m (980 ft),  mostly concentrated in Nanshan, Luohu and Futian districts. The third tallest building in Shenzhen is SEG Plaza at a height of 356 meters (291.6 meters to roof-top), located in Huaqiangbei. Guomao Building was furthermore the tallest building in China when it was completed in 1985.

A number of the supertalls that have been either proposed, approved or under construction are well over 400 m (1,312 ft). The tallest among these supertalls under construction is the 599-meter Ping An Finance Centre, which will become the second tallest in China and the fourth tallest building in the world upon its scheduled completion in 2016.

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