Shenzhen is a city of sub-provincial administrative status in southern China's Guangdong province, situated immediately north of Hong Kong. Owing to China's economic liberalization, the area became China's first—and arguably one of the most successful—Special Economic Zones. Shenzhen's novel and modern cityscape is the result of the vibrant economy made possible by rapid foreign investment since the late 1970s, when it was a small fishing village. Since then, foreign nationals have invested more than US$30 billion for building factories and forming joint ventures. It is now reputedly one of the fastest growing cities in the world. Being southern China's major financial centre, Shenzhen is home to the Shenzhen Stock Exchange as well as the headquarters of numerous high-tech companies. Shenzhen is also the third busiest container port in China, ranking only after Shanghai and Hong Kong.
