in the
Nanshan District, headquarters of
Tencent Shenzhen's industry is described by its Municipal Bureau of Statistics to be upheld by its four-pillar industries:
high tech,
finance,
logistics, and
culture.
High Tech Shenzhen is a large hub of the Chinese and global technology industry and home to a large startup ecosystem. As of 2020 the city was ranked as the 4th
Fintech powerhouse in the world. Shenzhen is primarily known for its high-tech industry, which has a value of 585.491 billion RMB (US$82.9 billion) in 2015, a 13 percent increase compared to last year.
Tencent,
DJI, and
ZTE. Other tech firms include personal computer manufacturer
Hasee,
Hytera, and
OnePlus. Huaqiangbei is a wholesale hub for consumer high-tech products like smartphones and gadgets. Shenzhen annually holds the China International High-tech Achievements Fair, which showcases high-tech products and provides for dialogue and investment for high-tech. As a result, Shenzhen is dubbed by media outlets as "China's
Silicon Valley" or the "Silicon Valley of Hardware" for the world. Shenzhen hosts
BYD Company and has become a manufacturer of automobiles; it produced 2.9 million automobiles in 2024, overtaking Guangzhou to become the largest car manufacturing city in China.
Financial services Shenzhen is home to a number of large financial institutions, such as
China Merchants Bank and
Ping An Insurance and its subsidiary
Ping An Bank. Since the city's establishment as a SEZ, a number of foreign banks had established offices in the city, including
Citibank,
HSBC,
Standard Chartered, and
Bank of East Asia. In total, the financial industry accounts for 14.5% of the city's nominal GDP in 2015 (254.282 billion RMB), which was a 15.9% increase over the previous year. Shenzhen is one of the world's
top ten financial centers as of 2019, jumping five places to ninth place as determined by "variety of areas of competitiveness, including business environment, human capital, infrastructure, financial sector development and reputation."
Container port in the
Yantian District, one of the
container terminals of the
Port of Shenzhen SF Express and
China International Marine Containers (CIMC) have their headquarters in Shenzhen. The
Port of Shenzhen comprises the
Yantian International Container Terminals, the
Chiwan Container Terminals, the container terminals of the
Shekou Industrial Zone, the
China Merchants Port, and
Shenzhen Haixing. The Port of Shenzhen is therefore capable of handling a record volume of
containerization. With rising trade increased cargo shipments in 2005, the container port was ranked as the
world's fourth-busiest container port.High port traffic levels combined with a high urban population make Shenzhen a large
port megacity. The logistics industry accounts for around 10.1 percent (178.27 billion RMB) of the city's nominal GDP in 2015, which was an increase of 9.4 percent.
Cultural industry Shenzhen had prioritized the cultural industry in according to the 13th Five-Year Plan, establishing the Shenzhen Fashion Creative Industry Association (深圳市时尚文化创意协会) and planning the 4.6 square-kilometer Dalang Fashion Valley (大浪时尚创意城). On 7 December 2008,
UNESCO approved Shenzhen's entrance into the
Creative Cities Network, and awarded the Shenzhen the title of "United Nations Design Capital". Altogether, the cultural industry in turn contributes to 5.8 percent (102.116 billion RMB) of Shenzhen's economy in 2015. Shenzhen-based
video game developer
Game Science released
Black Myth: Wukong, which achieved significant commercial success on its 20 August 2024 release. The game is set against the backdrop of the classic novel,
Journey to the West. The real-estate industry altogether contributes to 9.2 percent (162.777 billion RMB) of Shenzhen's economy in 2015, which was an increase of 16.8 percent compared to the previous year.
Vanke, and
China Resources Land are headquartered within the city.
High Tech Industrial Development Zone In 1996, the State Council approved and established the Shenzhen High-tech Industrial Development Zone, helping to develop Shenzhen's high-tech industry in areas such as electronics and information technology. In accordance to the National Plan in 2001, the Shenzhen Software Park, integrated within the High-tech Industrial Development Zone, was established for software production and assists in the development of the city's software industry. On 26 August 2010, the State Council approved the "
Overall Development Plan for Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone" to solidify ties between Hong Kong and Shenzhen.
Tourism Shenzhen Interlaken Hotel at
OCT East Tourism is gradually growing as an important industry for Shenzhen. Shenzhen has been ranked second on the list of 'top 10 cities to visit in 2019' by Lonely Planet. The Shenzhen administration in its "12th Five-Year Plan for Tourism Development of Shenzhen" had focused on turning the city into an international tourist hub, with emphasis on the city's scientific, fashion, and industrial elements. The Shenzhen tourist industry is claimed by the local administration in having a strong development advantage, due to the city being one of the
tier-one cities in China, as well as being known for its coastal resources, climate environment, capitalist economy, and technological innovation. In 2015 the tourism industry's total revenue was 124.48 billion RMB (US$17.6 billion), a 98.1 percent increase from 2010. Out of the total revenue, 28 percent (35 billion RMB
or US$4.968 billion) came from international tourists, an increase of 56.2 percent from 2010. In addition, in that year, Shenzhen received 11.63 million tourists, a 51 percent increase from 2010. Shenzhen has numerous tourist destinations, ranging from recreational areas such as theme parks and public parks to tall buildings. Most of the tourist attractions are part of
Overseas Chinese Town (OCT), a colloquial name for parks owned by
OCT Enterprises and is classified as an
AAAAA scenic area by the
China National Tourism Administration. These include the
Window of the World, the
Splendid China Folk Village,
Happy Valley (),
OCT East, and
OCT Harbour. Other theme parks include
Shekou Sea World (), Xiaomeisha Sea World, and the now-closed
Minsk World. Shenzhen also has a number of popular public parks and beaches, such as
People's Park,
Lianhuashan Park, Lizhi Park,
Zhongshan Park,
Wutongshan Park,
Dameisha () and (). The city is also home to tall buildings such as the
Ping An Finance Centre,
KK100, and the
Shun Hing Square (also known as Di Wang Tower). There are 314 star-rated hotels in Shenzhen as of Q3 2022. International luxury brands including
Mandarin Oriental,
Park Hyatt,
Raffles and
Conrad; upper-upscale brands including
Sheraton Hotels,
Marriott Hotels, and
Hilton Hotels. Select-service chains including
Holiday Inn, and
Courtyard by Marriott all have presence in the city amongst local chains, offering both urban hotels in key business districts and beach resorts in
Dameisha, Xiaomeisha and Jinshawan (Golden Bay). Notably, the
St. Regis Hotels & Resorts occupies the top portion of the
KK100 skyscraper. Shenzhen's tourism industry is recently expanding under the "13th Five-Year Plan for Tourism Development of Shenzhen" as promoted under the Shenzhen local government.
Retail Retail is an important pillar of Shenzhen's
tertiary sector. Out of the added value of Shenzhen's tertiary sector of 1.42 trillion RMB (US$201 billion) in 2018, retail contributed 43% (616.89 billion RMB) of this amount, a 7.6 percent increase compared to last year (601.62 billion RMB). In addition, 10.9% of Shenzhen's
FDI is directed towards the wholesale and retail sector.
Huaqiang North () is one of Shenzhen's notable retail areas, being known for having one of the largest
electronics markets in the world.
Luohu Commercial City, a commercial complex located adjacent to
Shenzhen Railway Station, is noted for having a variety of products that ranges from electronics and
counterfeit goods to tailored suits and curtains. Uniworld (), Uniwalk (), and
Coastal City (海岸城). Shenzhen is also home to drugstore chain
China Nepstar. "Smart retail", which uses technologies such as
artificial intelligence and
big data in production, circulation, and sales of consumer goods, has been growing popular within enterprises in Shenzhen. Businesses in Shenzhen are encouraged to use the Internet to develop the consumer market and new retail projects would be assisted with the use of technology. In addition, the Shenzhen administration is setting up a new retail industry development fund to promote the use of "smart retail", with the intention of stimulating the economy of Shenzhen and to turn the city into a "new retail" hub. ==Demographics==