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https://www.archdaily.com/1042069/renovation-of-homestead-land-in-shenzhen-shajing-mozhao-architects 
© Chao Zhang Text description provided by the designers. History of Shenzhen’s Homestead Land Advancement. Since the reform and opening up, Shenzhen has actually entered a stage of rapid urbanization, requiring a big amount of land for metropolitan building. To this end, the government carried out “land acquisition” within the Unique Economic Zone in 1992, and completed “land transfer” in Bao’an and Longgang districts outside the Unique Economic Zone in 2004, attaining full nationalization of land. At the same time, all farmers in Shenzhen were converted to non-agricultural metropolitan locals, and the original rural collective financial companies were reorganized into shareholding cooperative business. After 2004, Shenzhen no longer had any rural collective land, and therefore, the principle of “homestead land” no longer existed in name.
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