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Shenzhen

City in Guangdong, China

  • 46 min read
  • 18 chapters
The Futian CBD's skyline looking east from the west. The Ping'an Finance Center which is the tallest building at the background, the SEZ Dev Grp Golf Course at the foreground which is next to the Xian
Charlie fong · CC BY-SA 4.0

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Through China and Singapore

Shenzhen was developed from a largely rural village area into a city in 1979. In the early 1980s, the reform and opening up introduced by Deng Xiaoping resulted in the city becoming the first special economic zone of China due to its close proximity to Hong Kong, attracting foreign direct investment and migrants searching for opportunities. In thirty years, the city's economy and population boomed and has since emerged as a hub for technology, international trade, and finance. As of 2026, Shenzhen has solidified its status as a premier global trading hub, though recent rankings continue to place it alongside other heavyweights like Singapore to rank as the No. 1 mainland Chinese city for foreign trade.

Shenzhen is home to the Shenzhen Stock Exchange, one of the largest stock exchanges in the world by market capitalization, and the Guangdong Free-Trade Zone. Shenzhen is ranked as an Alpha− (global first-tier) city by the GaWC. Its nominal GDP has surpassed not only Hong Kong, but another neighboring city, Guangzhou, and it is now a city with one of the ten largest economies in the world. Shenzhen also has the second-largest number of skyscrapers, fifth-highest number of billionaires, and the seventh-most Fortune Global 500 headquarters of any city in the world. It is also the eighth-most competitive and largest financial center in the world, and the world's 18th largest city by scientific research output, and has several higher education institutions, including Shenzhen University and SUSTech. Shenzhen railway station was the last stop on the mainland Chinese section of the Kowloon–Canton Railway.

The city is a global technology hub. In the media Shenzhen is sometimes called China's Silicon Valley. The city's entrepreneurial, innovative, and competitive-based culture has resulted in the city being home to numerous small manufacturers and software companies. Several of these firms have become large technology corporations, such as Huawei, Tencent, DJI, and Oppo. As an important international city, Shenzhen hosts numerous national and international events every year, such as the 2011 Summer Universiade and the China Hi-Tech Fair. Shenzhen is home to the main operations of BYD Company, and is the largest automobile manufacturing city in China. A large portion of Shenzhen's population are migrants from all over China, and the city's population structure skews younger than most cities in China.

Toponymy

The earliest recorded mention of the name Shenzhen is in 1410, during the Ming dynasty, but a market town was not established in the area until the Qing dynasty. Shenzhen literally means "deep ditch" in the local vernacular; the words 圳 zhen and 涌 yong are used colloquially to refer to irrigation ditches. The name was chosen for the city in 1978 by Xi Zhongxun, the father of future Chinese paramount leader Xi Jinping and the Party Secretary of Guangdong at the time.

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