The special economic zone on the southern tip of Guangzhou is experimenting with some bold, innovative reforms. From the farmlands of Hengli Island, a new financial powerhouse is rising.
Shenzhen is a pretty smart city already. Its public transport fleet is electric. It has AI surveillance systems to catch jaywalkers and speeders. It is home to Tencent and Huawei Technologies, and hundreds of other leading technology companies. But, like the kid with the pushy parents who sits near the front of class, Shenzhen is always looking for ways to get smarter. Which is why the city government this week launched an initiative to drag some of its leading state-owned enterprises into the digital era.
The initiative is being run by the Smart Cities Science and Technology Development Group Co., Ltd. And yes, it is a state-owned enterprise, fully funded by the city’s State-owned Assets Supervision and Administration Commission.