DEFINITION of 'Shenzhen SEZ, China'

Shenzhen is a leading business, innovation and financial center in China. Shenzhen’s fast growing economy is characterized by three industries: shipping and logistics, high technology and financial services. Shenzhen is a world leader in shipping and supply chain with the world's third busiest container port. Its massive industrial parks, like Huawei Tech City, and a high levels of R&D investment make it a global innovation center. To service the growing needs of the shipping and high-tech industries, and given its role as the principal access point for foreign investment into mainland China from Hong Kong, Shenzhen has grown into one of the leading financial centers in China.

BREAKING DOWN 'Shenzhen SEZ, China'

A small village from ancient times, the modern city of Shenzhen was established in 1979 and designated as China’s first special economic zone (SEZ) in 1980. Since then, it has grown into one of the world’s most modern cities with more than 10 Million residents and more than US$230 Billion in GDP.  Mandarin is the official language but Cantonese and English are widely spoken. 

Strategically located in Guangdong province, in the Pearl River region, and adjacent to Macau and Hong Kong, Shenzhen is a principal doorway into mainland China. Shenzhen is an export oriented city with more than US$ 537 billion in foreign trade in 2013, according to the local government. With 14 ports, sophisticated rail and road networks, and a first class airport servicing both ground and water landing, a significant majority of China’s shipping firms are headquartered in Shenzhen. Its high-tech industry leads its manufacturing output. With more than 300 financial institutions, Shenzhen seeks to position itself in the 21st century as a top international financial centers.

  1. Macau SAR, China

    Definition of Macau SAR, China
  2. Hong Kong SAR, China

    Hong Kong is a financial and business center in China, known ...
  3. China Securities Regulatory Commission ...

    The main securities regulatory body in China, which was created ...
  4. The Jones Act

    The Jones Act is a federal law that regulates maritime commerce ...
  5. China Concepts Stock

    The stock of a company whose assets or earnings have significant ...
  6. Hong Kong Stock Exchange (HKG) ...

    One of the world's largest securities markets by market capitalization, ...
Related Articles
  1. Investing

    Alibaba Stock: Analyzing 5 Key Suppliers (BABA)

    Learn about Alibaba Group Holding and discover the companies that are its key suppliers. Obtain a brief description and analysis of each company.
  2. Investing

    Is Now the Time for Chinese Stocks?

    The recent panic in Chinese stocks could be seen as a buying opportunity for longer-term investors. Here are some ETFs to consider.
  3. Managing Wealth

    The World's Top Emerging Financial Hubs

    Creating a desirable and competitive financial center, a goal among the emerging financial hubs, can be undone by its volatility.
  4. Investing

    HSBC to Hire 1,000 in China

    HSBC is starting a hiring spree in the south of mainland China.
  5. Investing

    Apple to Open 2 New Research Centers in China

    The company wants to "curry favor" with the Chinese government, according to Bloomberg.
  6. Insights

    China Will Continue To Dominate World Production

    Some may think the ubiquity of Chinese products is due to the abundance of cheap Chinese labor that brings down the production costs, but there is much more to it.
  7. Investing

    Hong Kong And China's Touchy Ties

    Though Hong Kong and China have strong economic ties, Hong Kongers who have lived under the British influence are wary about China’s intentions.
  8. Investing

    China Debt Pressure Mounts (YANG, YINN)

    Moody’s warns Chinese governments are facing pressure from national reforms, while Hong Kong and Shenzhen open doors for closer trade.
  9. Insights

    Six Economic Reasons For Hong Kong Independence Protests

    Though the protests were ignited by a political controversy, there may be economic reasons behind them as well. Here are six reasons a thirst for democracy may not be the whole story in Hong ...
  10. Investing

    Lowe's Stock: Analyzing 5 Key Suppliers (LOW)

    Learn about Lowe's, and discover the companies that are its key suppliers. Obtain a brief description and analysis of each company.
  1. Does China have the equivalent of other special administrative regions (SAR) outside ...

    Find out about the special administrative regions of Hong Kong and Macau and other places in China that offer tax incentives ... Read Answer >>
  2. Is there a difference between the special administrative regions of Hong Kong and ...

    As Special Administrative Regions (SARs) of the People's Republic of China, Hong Kong and Macau differ somewhat in their ... Read Answer >>
  3. Are Chinese special administrative regions (SAR) special status permanent?

    Find out whether the special status of China's special administrative regions, Hong Kong and Macau, is intended to be a permanent ... Read Answer >>
  4. Which developed markets have the greatest exposure to financial services?

    Understand the position of firms in the financial service sectors located in the major developed nations in relation to challenges ... Read Answer >>
  5. What countries are currently considered to be special administrative regions?

    Learn about the two countries designated as special administrative regions, Hong Kong and Macau, and why they operate with ... Read Answer >>
  6. How does the International Chamber of Commerce define the term 'Free on Board' (FOB)?

    Find out more about the International Chamber of Commerce, Incoterms rules and how the International Chamber of Commerce ... Read Answer >>
Hot Definitions
  1. Perfect Competition

    Pure or perfect competition is a theoretical market structure in which a number of criteria such as perfect information and ...
  2. Compound Interest

    Compound Interest is interest calculated on the initial principal and also on the accumulated interest of previous periods ...
  3. Income Statement

    A financial statement that measures a company's financial performance over a specific accounting period. Financial performance ...
  4. Leverage Ratio

    A leverage ratio is any one of several financial measurements that look at how much capital comes in the form of debt, or ...
  5. Annuity

    An annuity is a financial product that pays out a fixed stream of payments to an individual, primarily used as an income ...
  6. Restricted Stock Unit - RSU

    A restricted stock unit is a compensation issued by an employer to an employee in the form of company stock.
Trading Center