Article Posted date 21 December 2020

Coinciding with the 40th anniversary of the establishment of the Shenzhen Special Economic Zone (“SEZ”) in October, China’s State Council issued the “Implementation Plan for the Comprehensive Reform of the Pilot Demonstration Zone for Building Socialism with Chinese Characteristics in Shenzhen (2020-2025)” which gives the city greater autonomy to implement reforms in key areas.

As part of these efforts, China’s National Development and Reform Commission has issued a first batch authorisation of 27 reform measures and 40 authorised pilot initiatives for Shenzhen to be implemented starting in 2020 through 2025. 

This brief prepared by KPMG gives an overview of the scope of the reforms and their potential impact on the development of the Greater Bay Area (GBA), capital markets, technology and innovation, and China’s further opening-up.

New reforms to build the Shenzhen Pilot Demonstration Zone

and boost the development of the Greater Bay Area

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Ayesha Lau

Managing Partner, Hong Kong
KPMG China

Ivan Li
Managing Partner, Shenzhen
Head of Financial Services, Southern Region

Maggie Lee
Partner, Audit, Capital Markets Development, Hong Kong
KPMG China