Shenzhen is committed to creating a whole-process innovation ecological chain of "basic research + technical research + achievement industrialization + technology finance + talent support" to form a market-oriented technological innovation system with enterprises as the main body and featuring deep integration of production, education and research. A large number of innovative companies have emerged, such as Huawei, BYD, Tencent and DJI among others.
Ten local enterprises made it to the 2022 Fortune Global 500 list.
Talent Aggregation: Shenzhen is committed to building a high-level specialized talent community in the Guangdong-Hong Kong-Macao Greater Bay Area. It is the country's first city to promulgate a regulation to designate November 1 as Talent Day and has also established a talent honor and reward system.
The city's R&D expenditure accounted for 5.49% of its total GDP in 2022.
The number of PCT international patent applications ranks first in the country.
The city was home to 23,000 State-level high-tech enterprises in 2022.
No less than 30%: Shenzhen government's funding on basic research and applied basic research should be no less than 30% of municipal science and technology research and development funds.
Implement five actions
Action to consolidate basic research
Action to tackle key core technology difficulties
Action to accelerate the industrialization of R&D results
Action to integrate science, technology and finance
Action to gather innovative talents
Improve five forces
Leading innovation power
Innovative force to face new challenges
Innovation driving force
Innovation supportive force
Motive force of innovation
Construct five places
Place of original innovation
Place of key core technologies
Best place for industrialization of scientific and technological achievements
Place for integration of science, technology and finance
Gathering place for world-class scientific and technological innovation talents
More than 90% of innovative enterprises are local enterprises
More than 90% of R&D personnel are employed by enterprises
More than 90% of employee invention patents come from enterprises
More than 90% of R&D institutions are based in enterprises
More than 90% of R&D funds are contributed by enterprises
More than 90% of major technological invention patents are owned by leading enterprises
MODERN INDUSTRIAL SYSTEM
Shenzhen has accelerated the integration of the "four chains" of industry chain, innovation chain, talent chain and education chain, vigorously developed strategic emerging industries and future industries, and built a modern industrial system for the future.
The added value of strategic emerging industries in Shenzhen accounts for 41.1% of the city's GDP in 2022.
On June 6, 2022, Shenzhen introduced a package of policies to promote industrial transformation and upgrading, proposing to develop 20 strategic emerging industrial clusters and 8 key future industries.
DEEPENING REFORM AND OPENING UP IN AN ALL-ROUND WAY
Shenzhen has put forward great effort to make good use of the key moves of the pilot comprehensive reform, to promote the comprehensive deepening of reform and opening up, and to accelerate the formation of a new pattern of reform and opening up.
Comprehensive pilot reforms: The pilot project of a comprehensive reform for Shenzhen to build a pilot demonstration area of socialism with Chinese characteristics was officially released and a list of 40 authorized measures was unveiled in 2020. On October 14, 2022, the National Development and Reform Commission issued a notice to sort out 44 efforts under 18 measures, four categories that Shenzhen made to pilot a comprehensive reform, and encouraged all local authorities nationwide to study and learn from Shenzhen's practices
GEM reform and pilot registration system: The growth enterprise market (GEM) reform and the pilot registration system were implemented on August 24, 2020.
Friendly relations: Shenzhen has established friendly relations with 90 provinces and cities in 57 countries (including 24 sister cities and 66 friendly exchange cities).
Investment promotion conference: The global investment promotion conference has been held in Shenzhen for four consecutive years. More than 300 projects worth 870 billion yuan were inked at the conference in 2022.
High quality exhibitions: Shenzhen's convention and exhibition industry has prospered. Large-scale and high-quality exhibitions such as the China Hi-Tech Fair (CHTF), China (Shenzhen) International Cultural Industries Fair (ICIF) and International Signs & LED Exhibition (ISLE) have been successfully held.
In 2021, Shenzhen's two typical cases of "expanding the scope of mutual recognition of qualifications in professional services with Hong Kong and Macao" and "creating a new plateau for the innovative development of cross-border medical and health services" were selected as the second batch of "Best Practice Cases" of the pilot program for comprehensively deepening innovative development of trade in services, and promoted nationwide.
BOOSTING THE CONSTRUCTION OF GBA
As an important engine of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), Shenzhen seizes the major opportunities provided by GBA construction to enhance its interconnectivity with Hong Kong in terms of infrastructure as well as in policies and standards, thereby building a good rapport between its citizens and those of Hong Kong.
Comprehensive reform and opening up in Qianhai: In 2021, the CPC Central Committee and the State Council issued the Plan for Comprehensively Deepening the Reform and Opening up of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone. Various city departments have achieved system innovations in Qianhai, bringing the total number of innovative projects tested in the area to more than 765.
Shenzhen-Hong Kong cooperation: Relying on Qianhai, the Hetao area and other major strategic platforms, Shenzhen cooperates with Hong Kong in scientific and technological innovation, transportation infrastructure, finance, law, education, medical care and other fields to enhance the people's well-being of the two cities and help Hong Kong better integrate into the overall national development.