Shenzhen - Exploration of the Utilization of Underground Space Resource in the Period of Transition to Market Economy

This paper introduces the course and experience of Shenzhen's utilization of underground space, and elaborates the systematic reform made by government during the transitional period from planned economy to market economy. Several issues are taken into account: the division of spatial property, land approval, management model and so on which are related to the underground space planning and the relevant public policy. Based on several cases, the paper suggests that at present, the utilization of underground space in China is still at early stage, and we should make full use of the role of a strong government due to the state-dominant background of land ownership. Further, current rapid railway development provides good opportunity to achieve the goal of "intensive use of land resources and sustainable urban development", which is based on detailed study of legislation, planning, and other relevant issues.