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Zone in next five years, with 79 reforms towards According to the city’s outline for its 14th Five-Year
next five years. Meanwhile, Hong Kong has also Plan (2021-2025) and long-term targets for 2035 :
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set up the Steering Committee to put forward
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clear development targets for the Hong Kong • By 2025, the city’s GDP will surpass RMB4
Park with two important five-year milestones trillion and the added value of strategic emerging
ahead, capitalizing the geographic advantages of industries reaching more than RMB1.5 trillion.
“one river, two banks”. Major directions include The government will accomplish landmark
building a world-class industry-academia- achievements in the reform of important fields
research platform, establishing an internationally and critical links, complete the tasks of the pilot
competitive research and development reform and provide an important demonstration
transformation and pilot production base for for institutional building for the whole country.
industries, fostering a hub for pooling global
innovation and technology resources and • Perfect systems and mechanisms for
cultivating a testing ground for institutional and market-oriented allocation of factors: Support in-
policy innovation. depth exploration of the land management system,
perfect a labor mobility system that can adapt to the
Looking ahead, Hetao is poised for continued characteristics of a megacity, promote the reform
growth and development. With ongoing of the growth enterprise market and pilot the
investments in infrastructure, education and registration system and explore new mechanisms
technology, the district is set to maintain its status for data property protection and utilization.
as a leading innovation hub and promise to be a
key player in Shenzhen’s ongoing journey towards • Creating a market-oriented and law-based
a smart, sustainable and globally competitive city. internationalized business environment: Further
perfect a fair and open market environment,
Shenzhen Socialist Pioneering Demon- build a benchmark city for intellectual
stration Zone property protection, perfect the administrative
management system and the legislation of special
Shenzhen has seen a rapid development economic zones.
since the reform and opening up in 1979 and
is now seeking to reinvent itself as the home of • Perfect the environmental system
Chinese innovation. Shenzhen saw its GDP grow for scientific and technological innovation:
by 6% in 2023 to a new high of RMB3.46 trillion optimize and innovate in the allocation mode
(US$482 billion), which representing a leap from and management mechanism of resources and
3.3% growth in 2022 and surpassing that of establish an internationally competitive system of
other first-tier cities including Beijing, Shanghai talent introduction and use.
and Guangzhou. Export volume increased 12.5%
YoY, ranking first among all cities on the Chinese • Perfect the high-level open economic
mainland for the 31st consecutive year, while total system: Intensify institutional opening and
imports and exports exceeded RMB3.87 trillion, up support rule-based connectivity and deepening of
5.9% . Building the new industrialization will be cooperation and development in the GBA. Expand
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vital to drive the development of new productive the opening up of financial, shipping and other
forces of the city. And to enhance cooperation industries to the outside world.
with Hong Kong, Shenzhen will expedite the
construction of new cross-border railways, • By 2035, the city will be built into a city
checkpoints and pilot zones of innovative cross- of innovation, entrepreneurship and creativity
boundary renminbi payment services. with global influence, become a model city for
China to build itself into a powerful modern
38 https://www.info.gov.hk/gia/general/202411/20/ socialist country and take the lead in realizing
P2024112000145p.htm
39 China Daily, https://english.www.gov.cn/archive/ socialist modernization.
statistics/202401/31/content_WS65b9e801c6d- 40 The government of Shenzhen, http://www.sz.gov.
0868f4e8e3aa0.html cn/en_szgov/news/latest/content/post_8858253.html

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