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.
Vice Chairman, KPMG China and Senior Partner, Hong Kong
Vice Chairman, KPMG China and Senior Partner, Southern Region
Managing Partner, Hong Kong
Managing Partner, Shenzhen
Head of Financial Services, Southern Region
Partner, Audit, Capital Markets Development, Hong Kong