Property management，with the dual attributes of marketability and sociality，is a key component of urban management and community grassroots governance. With the continued progress of society，China’s property management has entered a new historic period，ushering in new problems as well as new opportunities. Resting upon the new normal of property management development，Shenzhen proceeds to actively explore ways to establish a system of property management that is in line with the local reality. Taking property management as the starting point，Shenzhen actively explores and improves the social governance system of co-construction，co-governance and sharing，effecting a constructive interaction between government management，social adjustment and residents’ autonomy，hence taking property management to a more law-based，scientific and refined level.