Abstract: Shenzhen transit-oriented development (TOD) strategy is analyzed in detail from macro, meso and micro levels. The strategy includes TOD planning and research part, and comprehensive development part. Studying TOD strategy will assist planning and management department in implementing control on the TOD concept, collecting premium payback of TOD investment, and nurturing urban rail transit construction. From route levels and station levels, the TOD planning technical guidance with reference to the local Standards and Statutory Plans of Shenzhen is analyzed. The evolution of Shenzhen comprehensive development strategy is expounded in depth, which mainly focuses on land acquisition policies at each stage of metro construction. Starting from transition of land acquisition ways including negotiation, restricted bidding, and capitalized value, the TOD-guided indemnificatory housing construction is explored so that the social benefit of TOD strategy can be materialized.