The city of Shenzhen is above all a “new city”. It changed from a sleepy outpost across from Hong Kong to the 5th largest city in China in about 30 years. Shenzhen is now known for being the innovation and technology hub of China and supports a blossoming global culture of innovation and research. Many of China’s largest tech firms are located in Shenzhen, and as a “new city” only a fraction of a percentage of the people who live in Shenzhen were born there. It is a city built on economic convenience and a business centric culture. With its free trade zones, special economic zones, proximity to Hong Kong, this is a city welcoming of wild ideas and start-ups.
Greater Bay Area
Shenzhen is one of the three main anchor cities for China’s famous Greater Bay Area (GBA). The GBA is essentially a megalopolis, which connects the manufacturing might of Mainland China alongside the financial and international services of Hong Kong and Macao. It is in this region where China’s “factory of the world” title comes from and has received about 30% of all foreign investment into China since reform and opening began in 1978.
Shenzhen’s role in the region has been incredibly dynamic since its inception. Originally it was a factory city producing hardware, but now the factories have been since moved to other GBA cities and have been replaced with tech development. The GBA boasts incredibly tight supply chains, access to financial institutions, and product development. This is the fastest moving economic zone not only in China, but the entire world.
Our office is in the heart of Nanshan district; one of Shenzhen’s two central business districts. We assist foreign companies from a wide background take advantage of the opportunities that Shenzhen and the Greater Bay Area offer. We will always make time to speak directly with those who are interested in Shenzhen, be it about hardware, software, expanding business from Hong Kong to the mainland, taking advantage of the FTZs, or anything else in the business and China world. Shenzhen excites us and its challenges inspire us.
Special Economic Zones
The Shenzhen Economic Zone is the largest and most successful economic zone in China. It also has the geographic advantage of being in the most economically successful province in China (Guangdong), having Yantian Container Port within its borders, and having direct connections via bridge and boat to Hong Kong.
Included in the Shenzhen Special Economic Zone is the Shenzhen Qianhai Free Trade Zone. If a company is set up in this zone, they can have their corporate income tax reduced, have access to duty free warehousing, and several government incentives and grants if qualified for.
Shenzhen Office Address:
Room C, Floor 12, Block B, Neptune Mansion, No 2225 Nanhai Road, Nanshan street, Nanshan District, Shenzhen