This book tries to summarize Shenzhen's successful experience in innovative growth in the past over 40 years since China’s reform and opening-up. Based on the evaluation of the effect of the policy implemented by the Shenzhen Science and Technology Innovation Commission in 2013-2015 to support the innovation and entrepreneurship development of more than 7,000 science and technology-based small and medium-sized enterprises (SMEs), this book explains the intrinsic reasons for Shenzhen's miracle of innovation, as well as the intrinsic mechanism and effect of the interaction between Shenzhen's government and the market. It aims to explore the principles of the mechanism behind toward an innovative and sustainable development path, which is insightful in urban governance and economic growth for global readers especially in public policy.