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What are the main reasons for the rapid development of Shenzhen Special Economic Zone?
1. According to the regulations of Guangdong Special Economic Zone, Shenzhen has formulated a series of preferential policies to attract foreign investment, including enterprise autonomy, taxation, land use, foreign exchange management, product sales, entry and exit management, etc. Compensation trade, joint venture, cooperative operation, sole proprietorship and leasing have attracted a large amount of foreign investment and accelerated the rapid development of special economic zones.

2.1In August, 1980, the Guangdong Special Economic Zone Management Committee used a bank loan of 30 million yuan and some local finances to build financial, commercial and tourist residential facilities within 0.8 square kilometers of Luohu District with reference to the "Shekou Model" to provide foreign investors with the benefits of infrastructure construction in the industrial park. This "snowball" development of bank loans has provided experience for the initial construction of Zhuhai and Shantou.

3. From taking the lead in breaking the egalitarian "big pot" wage system in the early days of reform and opening up, knocking on the "first hammer" of land auction, setting up the first foreign exchange adjustment center and many other "firsts", to the recent "second batch" of fresh graduates, "30 certificates in one" of business registration reform, promoting intellectual property protection, Shenzhen system innovation, optimizing business environment and other reforms.

Extended data:

Development goals of Shenzhen Special Economic Zone:

By 2025, Shenzhen's economic strength and development quality will rank among the top in the world, its R&D investment intensity and industrial innovation ability will be world-class, and its cultural soft power, public service level and ecological environment quality will be greatly improved, making it a modern, international and innovative city.

By 2035, Shenzhen will become a model of high-quality development in China, leading the world in comprehensive economic competitiveness, becoming an innovative and creative capital with global influence, and becoming a city model for China to build a powerful socialist modernization country. By the middle of this century, Shenzhen will stand among the advanced cities in the world with a more high-spirited attitude and become a global benchmark city with competitiveness, innovation and outstanding influence.

Baidu Encyclopedia-Shenzhen Special Economic Zone

People's Network-Record of Innovation and Development of Shenzhen Special Economic Zone