Shenzhen also known as Sham Chun, is a city in the Guangdong Provance in southeastern Mainland China. The city is located on the east bank of the Pearl River estuary and the Port of Shenzhen is the world’s fourth busiest container port. Shenzhen is one of the special economic zones of China and since receiving this status, the city’s population and gross domestic product (GDP) has boomed. Ready to learn more about this wealthy city? From its skyscrapers, subway and stock exchange, here are some of the most interesting facts about Shenzhen in China.
7 Interesting Facts about Shenzhen
1. Shenzhen is part of the world’s biggest megacity
During the 1970s, Shenzhen was a small town of around 30,000 people. Then, in 1979, officials gave Shenzhen city status and following this in 1980 they designated it a Special Economic Zone (SEZ), the first in China. In the four decades since it received SEZ status, the population grew by 19.5 million people. Today, Shenzhen is China’s seventh-largest city as measured by urban area with 12,831,330 registered inhabitants as of 2022. However, counting unregistered inhabitants, the total population jumps to around 20 million. Shenzhen is part of the world’s biggest megacity, the Guanzhou metroplex, which has 44 million people.
2. Shenzhen is Mainland China’s most affluent city
It’s not just the population of Shenzhen that grew. In 1979, Shenzhen’s GDP was CNY 197 million, with a per capita GDP of CNY 606. By 2020, Shenzhen’s GDP reached CNY 2.77 trillion, with a per capita GDP of CNY 203.5. It is the city with the highest per capita GDP in China. The city’s average income is more than 50 per cent higher than that of Beijing and Shanghai. This makes it China’s richest city.
3. Shenzhen is a city of skyscrapers
Shenzhen skyline soars with many skyscrapers. As of 2021, Shenzhen has a massive 342 skyscrapers above 150 meters (492 feet). It is the city with the second-most skyscrapers in the world. Only Hong Kong has more with its 518.
4. The fifth tallest building in the world is in Shenzhen
Ping An Financial International Center with its 118 storeys and a height of 592.5 meters (1943.8976 ft), is the tallest skyscraper in Shenzhen. It is also the second tallest skyscraper in China and the fifth tallest building in the world. Inside the Ping An IFC, there is an observation deck at 550 meters high (1,804 feet) with breathtaking views of the city. The building is also home to one of the highest luxury hotels in the world, the Park Hyatt Shenzhen. Located just 4km away from the Ping An IFC is the KingKey 100 Financial Center. At 441.8 meters (1449.5 feet) high with 100 storeys, it is the second-highest building in Shenzhen and the 26th tallest building in the world.
5. Shenzhen has a stock exchange
The Shenzhen Stock Exchange (SZSE) is one of three stock exchanges operating independently in Mainland China. As of 2019, it was the 7th largest stock exchange in the world. The market capitalization of its listed companies was around US$2.504 trillion. It is the fourth largest stock exchange in East Asia and Asia.
6. Shenzhen is the “Silicon Valley of China”
Many Chinese technology companies were founded in Shenzhen, for instance, Huawei, Tencent, Mindray, Netac, Xunlei, Kingdee, DJI, Han’s Laser, BGI and BYD. This has earned the city the nickname China’s Silicon Valley. Shenzhen is also home to the largest electronic product distribution centre in Asia, and one of the largest in the world. At the Huaqiangbei Electronics Market, there are more than 38,000 businesses and you can purchase all the individual components needed to make a mobile phone or a computer from scratch.
7. Shenzhen Metro is China’s fifth-largest
Opened in 2004, the Shenzhen Metro was the fifth metro system in Mainland China after the ones in Beijing, Tianjin, Shanghai, and Guangzhou. With a total length of 382.1 km (237.4 miles), the Shenzhen metro system is the fifth-longest in China. It is also the fifth busiest with an annual ridership of 1646.1 million (in 2018).