Shenzhen luring companies with its excellent business environment

An aerial view of downtown Shenzhen. [Photo/WeChat account: szwbfbt]

Shenzhen in Guangdong province was home to more than 3.85 million market entities by the end of August, up 3.89 percent year-on-year, according to a recent release by the city’s market supervision bureau.

The figure included more than 2.4 million enterprises, up 2.53 percent year-on-year.

In recent years, Shenzhen has promulgated special regulations regarding the optimization of its business environment, updated reform policies, and created more than 700 reform measures.

In May, Shenzhen released the 5.0 version of the reform policies on 12 areas and announced that 200 specific reforms will be implemented in the year.

In October 2019, the city passed the motion to designate November 1 as "Shenzhen Entrepreneur Day", making Shenzhen the first city in the country to officially establish such an occasion.

Over the past three years, the "Shenzhen Entrepreneurs Day" has helped form a good atmosphere of understanding, respect and support for entrepreneurs.

Shenzhen has also established a normalized platform for communication and negotiation between government and enterprises.