Doing business in Shenzhen
Industries and opportunities
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Shenzhen, located in southern China’s Guangdong Province, is one of China’s most dynamic and rapidly growing cities. Originally a small fishing village, Shenzhen was designated as China’s first Special Economic Zone (SEZ) in 1980, which catalyzed its transformation into a global hub for technology, manufacturing, finance, and innovation.
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Technology and Innovation
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Shenzhen is a global leader in technology and innovation, home to some of the world’s largest tech companies and startups. The city excels in electronics, telecommunications, software development, and artificial intelligence (AI). Its innovation ecosystem is supported by research institutions, tech parks, and government incentives.
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Key Areas: Electronics, telecommunications, AI, software development, and smart devices.
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Notable Companies: Huawei, Tencent, DJI, ZTE, and BYD.
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Opportunities: Shenzhen’s status as a tech hub provides numerous opportunities for foreign tech companies, startups, and investors. There is a high demand for collaboration in areas such as AI, software development, and smart devices. Establishing R&D centers, forming joint ventures, or investing in local startups are viable strategies.
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Electronics Manufacturing
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Shenzhen is a world-renowned center for electronics manufacturing, producing a significant portion of the world’s consumer electronics, including smartphones, laptops, and components. The city’s manufacturing capabilities are underpinned by its extensive supply chain, skilled workforce, and cutting-edge infrastructure.
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Key Areas: Consumer electronics, semiconductors, hardware components, and IoT devices.
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Notable Companies: Foxconn, BYD, and TCL.
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Opportunities: Shenzhen’s established electronics manufacturing ecosystem offers foreign companies access to a world-class supply chain. Hardware startups can take advantage of rapid prototyping, high-quality production, and cost-effective manufacturing. Foreign companies can partner with local manufacturers or set up production facilities.
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Finance and Fintech
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Shenzhen is a major financial hub and the headquarters for many of China’s leading financial institutions and fintech companies. The city plays a key role in the Greater Bay Area’s financial integration and is a leader in digital payments, blockchain, and online lending.
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Key Areas: Banking, fintech, asset management, and venture capital.
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Notable Companies: Ping An Insurance, China Merchants Bank, and WeBank.
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Opportunities: Shenzhen’s booming fintech sector offers opportunities for foreign financial institutions, fintech startups, and investors. Areas of interest include digital payments, blockchain, and online lending. Cross-border financial services between Shenzhen and Hong Kong present additional opportunities.
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Biotechnology and Healthcare
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Shenzhen has rapidly developed its biotechnology and healthcare sectors, focusing on pharmaceuticals, medical devices, and health tech. The city’s biotech industry benefits from its proximity to Hong Kong and collaboration with international research institutions.
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Key Areas: Biotechnology, pharmaceuticals, medical devices, and health tech.
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Notable Companies: BGI Genomics, Mindray, and Hybio Pharmaceutical.
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Opportunities: The city’s growing biotech and healthcare sectors present opportunities for foreign companies involved in pharmaceuticals, medical devices, and health tech. Joint ventures, research collaborations, and clinical trials are areas where foreign companies can engage.
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Renewable Energy and Electric Vehicles (EVs)
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Shenzhen is a leader in renewable energy technologies and electric vehicles (EVs). The city is home to major players in solar energy, battery production, and EV manufacturing. Shenzhen’s commitment to sustainability is evident in its extensive use of electric public transportation.
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Key Areas: Solar energy, battery technology, and electric vehicles.
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Notable Companies: BYD, Trina Solar, and Goldwind.
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Opportunities: Shenzhen’s leadership in renewable energy and EVs offers opportunities for foreign companies in solar energy, battery technology, and electric vehicle production. Collaboration on green technology projects and investment in local EV startups can be highly profitable.
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Creative and Cultural Industries
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Shenzhen has a vibrant creative and cultural sector, encompassing design, media, entertainment, and the arts. The city is recognized as a UNESCO City of Design, and its creative industries are supported by a large pool of young talent and a strong entrepreneurial culture.
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Key Areas: Design, media, animation, gaming, and fashion.
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Notable Companies: Fantawild, Tencent Games, and Shenzhen Fashion Week.
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Opportunities: Shenzhen’s designation as a UNESCO City of Design opens opportunities for foreign creative companies, designers, and artists. The city’s thriving design and fashion scene, along with its focus on innovation, makes it an attractive location for creative ventures and collaborations.
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Main companies
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Huawei Technologies Co., Ltd.
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Industry: Telecommunications, Consumer Electronics
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Huawei is one of the world’s largest telecommunications equipment and consumer electronics manufacturers. Founded in 1987, Huawei is a global leader in 5G technology, smartphones, and network solutions. Its headquarters in Shenzhen is the epicenter of its R&D and innovation activities.
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Headquarters: Longgang District, Shenzhen
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Tencent Holdings Limited
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Industry: Technology, Internet Services
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Tencent is a leading provider of internet services and products, including social media, gaming, and digital entertainment. Known for its WeChat messaging app and QQ platform, Tencent’s headquarters in Shenzhen manages its extensive portfolio of digital services and technologies.
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Headquarters: Nanshan District, Shenzhen
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BYD Company Limited
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Industry: Automotive, Electronics
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BYD is a major player in the automotive and electronics industries. The company is renowned for its electric vehicles (EVs) and rechargeable batteries. Established in 1995, BYD’s headquarters in Shenzhen drives innovation in clean energy transportation and consumer electronics.
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Headquarters: Pingshan District, Shenzhen
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ZTE Corporation
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Industry: Telecommunications, Technology
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ZTE is a leading global provider of telecommunications equipment and network solutions. Founded in 1985, the company focuses on developing advanced communication technologies, including 5G and optical networks. ZTE’s headquarters in Shenzhen supports its extensive international operations.
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Headquarters: Nanshan District, Shenzhen
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Ping An Insurance (Group) Company of China, Ltd.
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Industry: Financial Services, Insurance
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Ping An is one of China’s largest and most comprehensive financial services conglomerates, offering insurance, banking, and investment services. Founded in 1988, Ping An’s headquarters in Shenzhen oversees its extensive financial operations and innovation in fintech.
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Headquarters: Futian District, Shenzhen
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Shenzhen MTC (Shenzhen MTC Technology Co., Ltd.)
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Industry: Electronics, Manufacturing
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MTC specializes in the manufacturing of electronic components and products, including consumer electronics and industrial devices. The company supports various sectors with its advanced manufacturing capabilities and technology.
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Headquarters: Shenzhen
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DJI (Dajiang Innovations Technology Co., Ltd.)
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Industry: Drones, Robotics
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DJI is the world’s leading manufacturer of consumer and professional drones. Established in 2006, DJI’s headquarters in Shenzhen is central to its innovation in drone technology, robotics, and aerial imaging solutions.
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Headquarters: Nanshan District, Shenzhen
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Industrial Parks
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Shenzhen High-Tech Industrial Park (SHIP)
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Established in 1996, Shenzhen High-Tech Industrial Park (SHIP) is one of China’s leading innovation hubs, focusing on high-tech industries such as information technology, electronics, telecommunications, and software development. Location: Nanshan District, Western Shenzhen.
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Characteristics:
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Innovation and Technology Focus: The park houses a concentration of high-tech enterprises, R&D centers, and incubators, fostering a vibrant ecosystem for innovation.
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Home to Industry Giants: Hosts leading Chinese and multinational companies, including Huawei, ZTE, Tencent, and DJI.
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Advanced Infrastructure: Equipped with state-of-the-art facilities for research, manufacturing, and business operations.
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Benefits for Foreign Companies:
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Innovation Ecosystem: Opportunities for collaboration with top-tier technology firms and access to a highly skilled talent pool.
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Government Support: Significant financial incentives, grants, and subsidies for R&D and innovation projects.
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Strategic Location: Proximity to Hong Kong, offering easy access to international markets and financial services.
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Shenzhen Bao’an Industrial Zone
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Shenzhen Bao’an Industrial Zone is a key area for manufacturing and logistics, with a focus on electronics, machinery, and consumer goods. It is one of Shenzhen’s oldest and largest industrial zones, continually evolving to meet the needs of modern industries. Location: Bao’an District, Northwestern Shenzhen.
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Characteristics:
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Diverse Industry Base: The zone accommodates a wide range of industries, including electronics manufacturing, machinery, textiles, and logistics.
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Integrated Facilities: Offers comprehensive infrastructure, including factories, warehouses, and business centers, along with transportation links.
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Strong Supply Chain: Proximity to a well-developed supply chain for electronics and consumer goods manufacturing.
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Benefits for Foreign Companies:
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Cost-Effective Operations: Competitive land and labor costs, making it ideal for large-scale manufacturing.
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Logistics Advantages: Convenient access to major transportation routes, including Shenzhen Airport and Shenzhen Port.
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Business Support: Availability of support services, including logistics, export assistance, and supplier networks.
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Shenzhen International Bio-Valley
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Shenzhen International Bio-Valley is a dedicated industrial park for biotechnology, pharmaceutical, and life sciences industries. It is a strategic part of Shenzhen’s plan to become a global leader in biomedicine and healthcare innovation. Location: Dapeng New District, Eastern Shenzhen.
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Characteristics:
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Biotech and Life Sciences Focus: The park specializes in biotechnology, pharmaceuticals, medical devices, and healthcare services.
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Innovation-Driven: Hosts numerous biotech startups, research institutions, and collaboration platforms for life sciences.
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Sustainable Development: Emphasizes green development, with eco-friendly facilities and sustainable practices.
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Benefits for Foreign Companies:
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R&D Incentives: Access to government grants, tax breaks, and subsidies for biotech research and development.
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Collaboration Opportunities: Partnerships with leading Chinese research institutes, hospitals, and international biotech firms.
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Strategic Growth: Opportunities to tap into China’s rapidly growing healthcare and biopharmaceutical market.
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Shenzhen Guangming Science City
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Shenzhen Guangming Science City is a cutting-edge research and innovation hub focusing on advanced manufacturing, new materials, AI, and environmental technology. It is part of Shenzhen’s broader strategy to drive innovation in high-tech industries. Location: Guangming District, Northern Shenzhen.
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Characteristics:
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Advanced Manufacturing and AI: The park supports industries such as robotics, artificial intelligence, smart manufacturing, and environmental tech.
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Strong R&D Environment: Features innovation centers, research labs, and incubators for emerging technologies.
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International Collaboration: Promotes global partnerships and technology transfer, attracting foreign enterprises and talent.
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Benefits for Foreign Companies:
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Innovation and Technology Transfer: Opportunities for collaboration in cutting-edge technologies and access to government innovation funds.
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Talent and Resources: Availability of skilled professionals and technical experts, supported by local universities and research institutes.
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High-Growth Potential: Positioned within one of China’s most dynamic regions for high-tech growth and development.
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Shenzhen Yantian Port Free Trade Zone
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The Shenzhen Yantian Port Free Trade Zone is a key logistics and trade hub, focusing on import-export businesses, bonded warehousing, and processing trade. It is one of China’s leading free trade zones, with significant foreign investment. Location: Yantian District, Eastern Shenzhen.
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Characteristics:
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Logistics and Trade Hub: Specializes in logistics, warehousing, and processing trade, supported by the adjacent Yantian Port.
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Export-Oriented Industries: The zone supports export-oriented manufacturing, with tax incentives for cross-border trade.
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Efficient Customs Services: Simplified customs procedures and bonded services for faster and more cost-effective international trade.
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Benefits for Foreign Companies:
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Trade Facilitation: Duty-free import and export, along with favorable tax policies for companies engaged in international trade.
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Strategic Port Location: Direct access to one of the busiest container ports in China, enhancing global distribution capabilities.
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Business Environment: Supportive environment for multinational companies involved in trade, logistics, and export processing.
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Shenzhen Qianhai Free Trade Zone
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The Qianhai Free Trade Zone is part of the larger Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone. It is designed to facilitate cross-border cooperation between Shenzhen and Hong Kong, with a focus on finance, logistics, and technology. Location: Nanshan District, Western Shenzhen.
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Characteristics:
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Finance and Innovation: The zone is a hub for financial services, fintech, and innovation-driven industries, emphasizing collaboration with Hong Kong.
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Cross-Border Integration: Promotes the integration of services, talent, and capital between Shenzhen and Hong Kong.
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High-Tech and Services: Focuses on high-value industries, including IT, AI, financial services, and professional services.
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Benefits for Foreign Companies:
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Cross-Border Opportunities: Access to both mainland Chinese and Hong Kong markets, with favorable policies for cross-border operations.
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Financial Services Access: Opportunities for financial innovation, including cross-border RMB transactions and fintech development.
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Strategic Location: Positioned as a bridge between mainland China and global markets, facilitating international trade and investment.
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Legal services
DeHeng Law Offices
11th Floor, Block B, Anlian Building, 4108 Jintian Rd, Futian District, Shenzhen - Website: www.dehenglaw.com
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Guangdong Shengfang Law Firm
8/F, Zhuoyue Plaza No. 98 Fuhua 1st Road, Futian District, Shenzhen - Web Site: www.sflawyers.cn
Guangdong Zhiming Law Firm
Address: Room 1002, Bldg. A, Xintian Century Business Center, Shixia North 2nd Street, Futian District, Shenzhen - Website: http://www.zhiminglawyer.com/
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ETR Law Firm
Room 6G, Noble Financial Centre, 3rd Fuzhong Road, Futian District, Shenzhen - Website: www.etrlawfirm.com
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Huge Law Firm
Room 516-517, Huagong Mansion, No. 2, Tianbei Road 4, Luohu District, Shenzhen - Website: http://www.lawyerchina.org
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Tax, audit and accounting services
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Asia-Pacific Pengsheng Tax Accountant Co.,Ltd.
Address: Floor 25, Tongxin Building, No.5020, Binhe Avenue, Fushan Community, Futian Sub-District, Futian District, Shenzhen - Website: www.ytpscta.com
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Shenzhen Qichuang Agency Accounting Co., Ltd.
Address: 1510, No.2, Qiuchang Xi3 Alley, Hekan Road, Bantian Sub-District, Longgang District, Shenzhen - Website: www.qcdljz.com
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Shenzhen Pengcheng Tax Accountant Co.,Ltd.
Address: Room 2501, Building C, Baoan Square, No.1002, Sungang E. Road, Sungang Sub-District, Luohu District, Shenzhen - Website: www.szpccta.com
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Shenzhen Wuyutang Accountant Office
Address: 12/F, Building 3, Jinyihuating, Fudi Subway Station, Jintian South Road, Shenzhen - Website: www.wcpav.com
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Chung Rui Tax Group
Room 3312, Block A, Union Square, 5022 Binhe Road, Futian District, Shenzhen - Website: www.crtax.com
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CW CPA
Room 2, 15/F, Yunsong Building, No. 8 Terra Road, Chegongmiao, Futian District, Shenzhen - Website: cwhkcpa.com
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Shenzhen Guangshen Certified Public Accountants
Room 1502, Building B, United Plaza, 5022 Binhe Avenue, Futian District, Shenzhen - https://www.szcpa.com.cn
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PKF Shenzhen
Unit 3616, 36/F, Di Wang Commercial Center, Shun Hing Square, 5002 Shen Nan Road East, Shenzhen - https://pkf-sz.com/
World Link CPA
Room 1613A, 16/F, Shenzhen Kerry Centre, 2008 Renminnan Road, Shenzhen - https://www.worldlinkcpa.com/
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Chambers of commerce
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European Union Chamber of Commerce in China
Rm 308, 3/F Chinese Overseas Scholars Venture Building, Nanshan District, Shenzhen - Website: www.europeanchamber.com.cn
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China-Italy Chamber of Commerce
85F, Ping’an International Finance Center, No. 5033 Yitian Road, Futian District, Shenzhen - Website: www.cameraitacina.com
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German Industry & Commerce
No. 401, Building T4, Taiziwan Business Plaza, Nanshan District, Shenzhen - Website: china.ahk.de
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CCI France Chine
Office Room 218, 2/F, Phase 1, Chinese Overseas Scholars Venture Building, No. 3170 Keyuan South Road, Nanshan District, Shenzhen - Website: www.ccifc.org
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