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  Shenzhen - The Roc City




 Shenzhen - Business Information

Business Facts

GDP per Capita: ¥ 79000.
Major Exports: Machinery, electrical products, data processing equipment, apparel, textile, steel, mobile phones.
Major Foreign Exchange Counters: ANZ Grindlays, ICICI, Standard Chartered & Thomas Cook.
Key Industries: Computer software, IT, microelectronics and components, video and audio products, electro-mechanical integration.

Business Overview
Shenzhen is a major business zone in southern China. Due to its proximity with Hong Kong the city was given an honor of first special economic zone in th year 1980. the city thus is the major financial hub of the nation. Shenzhen is home to some of China's most successful high-tech companies, such as Huawei, Tencent and ZTE. A number of foreign IT companies also have facilities in the city. Foxconn has a manufacturing plant based in Shenzhen which makes most of the iPods, iPhones and notebooks for Apple, Inc. Lenovo, the Chinese conglomerate that bought the personal computing division of IBM in 2005, manufactures its line of ThinkPad notebook computers in Shenzhen. IBM has a joint venture in Shenzhen manufacturing server products. Many of these foreign high-tech companies have their operations in the Science and Technology park in Nanshan District or outside the core districts where labor and land are much cheaper.

In the financial sector, China Merchants' Bank, one of the largest banks in China, has its headquarters in Shenzhen. Shenzhen City Commercial Bank, Ping An Insurance and Wal-Mart China are also based in the city. Shenzhen's export-oriented industry makes up half of its whole economy. The city's total industrial output value has maintained fast growth over the past 15 years. In 2006, driven by domestic and overseas markets, the industrial production with the high-tech sector as the backbone continued to grow vigorously and realized 285.812 billion yuan in added value, up 17.3 percent over the previous year. The total industrial added value made up 50.3 percent of the city's gross output value. The city's construction industry is also on a high and there are several new construction projects undertaken by industrial giants in China.

The major products that are produced in Shenzhen are computer software, IT, microelectronics and components, video and audio products, electro-mechanical integration, and key projects of light industry and energy. Meanwhile, new industries, such as pharmaceuticals, medical equipment, biotechnology and new materials, have grown rapidly. Electronics and telecom equipment manufacturing is the city's largest industry, with modern equipment making (spearheaded by machinery making) the second-largest industry.

Major Business Centers:
Shenzhen Convention & Exhibition Center:
The Shenzhen Convention & Exhibition Center became a UFI member in 2004. The centere adds a charm to the city of Shenzhen. The Shenzhen Convention & Exhibition Center is a super large public construction with multi-functions of hosting exhibitions and conventions, business activities, restaurants, and entertainment events. It is owned by Shenzhen municipal government and designed by GMP. Shenzhen Convention & Exhibition Center is located in downtown area of the city. It is the largest single building in Shenzhen, covering about 220,000 square meters, extending 540 meters from east to west, 282 meters wide from south to north.

The building stands up to 60 meters, including 6 floors above the ground level and 2 floors beneath it. The total construction area tops 280,000 square meters. Shenzhen Convention & Exhibition Center has very powerful and advanced function in terms of hosting exhibitions and conventions. There are nine exhibition halls on the first floor, which total 105,000 square meters, adequate for a large exhibition of 5,000 international-standard booths. The largest hall is around 30,000 square meters. The Convention center is designed brightly to “float” in the air, covering over 22,000 square meters. It has 25 meeting rooms of different shapes and sizes, and a function hall to accommodate about 3,000 people. The Shenzhen Convention & Exhibition Center owns advanced facilities, complete supporting systems, and convenient transportation and is an ideal choice for exhibitions, conferences, celebrations, ceremonies, and all kinds of shows.

Shenzhen Special Economic Zone:
The Shenzhen Special Economic Zone is situated in the south of Shenzhen City between Beizaijiao by Dapeng Bay in the east and Anle Village by the Pearl River Estuary in the west. The special zone was established on August 26, 1980. Its total area is 395.81 square kilometers. It is to the south of Mount Wutong and Mount Yangtai, and borders on The New Territories in Hong Kong in the south. A demarcation line of 129.7 kilometers separates the special economic zone from the rest of the city and there are eight land checkpoints that run between the special economic zone and the rest of the city.

Major commercial Area:
Buji Farm Produce Wholesale Market:
Covering an area of 120,000 square meters, the Buji Farm Produce Wholesale Market has a floor space of more than 200,000 square meters. More than 2,000 enterprises from the country's 30 provinces, municipalities and autonomous regions engage in dealings of more than 3,000 varieties of farm produce in the market. It has topped its counterparts in China for many years in succession in terms of sales revenue. Its business has also expanded to South China, Hong Kong and the Southeast Asian region.

Shenzhen Stock Exchange (The SZSE):
The Shenzhen Stock Exchange (The SZSE) is a mutualized national stock exchange under the China Securities Regulatory Commission (the 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 SSE 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 SSE. The initial public offering (IPO) activity in Shenzhen stock exchange was suspended from September 2000 as the Chinese government pondered merging its bourses into a single exchange in Shanghai and launched a Nasdaq-style second board in Shenzhen aimed at private and technology companies.


Shenzhen





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