Shenzhen is a major coastal city in Guangdong Province, China. It forms part of the Pearl River Delta megalopolis. 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.
The country's first special economic zone was established here in 1980. Shenzhen has been a touchstone for China's reform and opening-up policy since then. In less than 40 years, Shenzhen, once a tiny border town of just over 30,000 people, has grown into a modern metropolis with a population of approximately 21 million.
Shenzhen was designated as a national pilot city for comprehensive reform. Its goals are to build a national economic center, a national innovative city, a socialist model city with Chinese characteristics and an international city.
The city is the high-tech and manufacturing hub of southern China, a State-level innovative city. It has set up new standards of "Shenzhen Quality."
The city is also well-known for design, with more than 6,000 design companies employing more than 60,000 people.
Shenzhen has three main industries, namely, emerging industry, advanced manufacturing industry and modern service industry. The emerging industry contributes about 53% of the GDP growth, the advanced manufacturing industry occupies 75% of the industrial sector, and the modern service industry accounts for 70% of the service industry. The added value of the financial industry increased by 14.6%. A total of 13 new licensed financial institutions, including E.Sun Bank, settled in the city.
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