China Plans Shenzhen Reforms, Eyes HK-centred Hub

From Reuters:

China has mapped out a plan to link its southern boom-town of Shenzhen with Hong Kong to build a global centre for transport, distribution, trade and innovation, as it seeks a greater role in the global economic arena over the next decade.

Shenzhen, China’s first special economic zone built in the early 1980s to take the lead in free-market reforms, will be prised open further and put at the forefront of China’s financial reforms, including the launch of a Nasdaq-style board for start-up firms, official newspapers said on Wednesday, quoting a document of the State Council, China’s cabinet.