Beijing Launches Plans for Shenzhen to Become World Hub, in Apparent Bid to Replace Hong Kong

Beijing Launches Plans for Shenzhen to Become World Hub, in Apparent Bid to Replace Hong Kong
The Shenzhen skyline on Nov. 28, 2010. The building illuminated by green lights is the Shenzhen World Financial Center. Daniel Berehulak/Getty Images
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Beijing has released a new policy laying out its ambitions for Shenzhen City—located in Guangdong Province just across the border from Hong Kong—to become a world-class tech innovation city.

Media in Hong Kong are theorizing that it signals the Chinese regime’s intention to replace the city as a major financial hub.

Nicole Hao
Nicole Hao
Author
Nicole Hao is a Washington-based reporter focused on China-related topics. Before joining the Epoch Media Group in July 2009, she worked as a global product manager for a railway business in Paris, France.
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