Shenzhen - The Roc City
 
   
Shenzhen - Business Information |
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.
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