"It took only 40 years for Shenzhen to realize relatively successful urbanization, including rapid and astonishing achievements in population growth, economic development and urban expansion. “Shenzhen Speed” has become a proper term, which also suggests the Shenzhen miracle represents the success of China's rapid urbanization. Shenzhen's development model has its own uniqueness. The wave of neoliberalism and globalization has given Shenzhen a stage for development, and its location advantage allowed it to quickly integrate into the global production network, to accumulate wealth and transfer resources for early development. Although Shenzhen's success is unique to its time and place, it is not impossible to replicate. Since its development, Shenzhen has been taking high-quality talents, active private economy and entrepreneurial culture, as well as scientific and technological innovation represented by the information industry, as the core engines of its own development, and has continuously enhanced its advantages through policy implementation. For China and other cities in the Global South, it is one of the most effective ways to attract talents and innovative activities through institutional innovation."