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Implementation Plan for Construction of Pilot of Comprehensive Reform in Shenzhen as the Demonstration Zone of Socialism with Chinese Characteristics Issued
On Oct. 11, 2020, the General Office of the CPC Central Committee and the General Office of the State Council issued The Implementation Plan for Construction of Pilot of Comprehensive Reform in Shenzhen as the Demonstration Zone of Socialism with Chinese Characteristics (2020 – 2025), and issued a circular requesting all areas and departments to conscientiously implement it in the light of the actual situation. The Implementation Plan points out that, taking the 40th anniversary of the Special Economic Zone as an opportunity, supporting Shenzhen to implement the pilot comprehensive authorized reform under the top-level design and strategic deployment of the central reform is another major measure to promote the reform and opening up of Shenzhen in the new era, a key move to build an advanced demonstration zone of socialism with Chinese characteristics, as well as a new exploration of innovative reform methods and approaches. The Plan puts forward clear requirements in seven areas, one is to improve the institutional mechanism of market-based allocation of factors, support deeper exploration in the land management system, improve the labor mobility system adapted to the characteristics of mega-cities, support the construction of the capital market at an early stage and on a pilot basis, accelerate the improvement of the system related to the transformation of technological achievements, accelerate the cultivation of the data factor market, and improve the mechanism of factor market evaluation and contribution. The second is to create a market-oriented rule-of-law and international business environment. Third, improve the environmental system for technological innovation. Fourth, improve the high-level open economy system. Fifth, improve the livelihood service supply system. Sixth is to improve the governance system for ecological environment and urban space, improve the system of ecological construction and environmental protection, and raise the level of integrated management of urban space. And seventh, we will strengthen related guarding measures. 

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