As of the end of December 2020, the Shenzhen-Harbin Industrial Park had invested a total of 1.73 billion yuan ($259.56 million) in its construction and operational development. A total of 127 enterprises have registered in the park, and 24 enterprises have signed cooperation agreements.

It has become a benchmark for national counterpart cooperation.

Harbin, the capital city of Northeast China’s Heilongjiang province, and Shenzhen in South China’s Guangdong province established a strategic cooperation relationship in 2018 to accelerate their industrial transformation.

In May 2019, the two sides signed a cooperation agreement to establish the Shenzhen-Harbin Industrial Park.

The industrial park is located in the Harbin New Zone and is within the jurisdiction of the newly-approved Harbin Area of the Heilongjiang Pilot Free Trade Zone. It has received a joint investment of 3.92 billion yuan from the two municipal governments.

The Shenzhen-Harbin Industrial Park has a planned area of 26 square kilometers and focuses on developing four industrial clusters related to new-generation information technology, new materials, modern services and intelligent manufacturing.

A draft document titled "Several Measures to Support the High-Quality Development of Shenzhen-Harbin Industrial Park” has been released to attract enterprises to start businesses in the industrial park.

Harbin is appealing for central budgetary funds from the Northeast China revitalization and development project to support the park’s construction of scientific and technological innovation R&D incubation projects.

The province also strives for special central budgetary funds to construct industrial transfer platforms in Central, Western and Northeast China's key regions to support the infrastructure construction of the industrial park.