The impacts of land use/cover change (LUCC) on hydrological processes and water resources are mainly reflected in changes in runoff and pollutant variations. Low impact development (LID) technology is utilized as an effective strategy to control urban stormwater runoff and pollution in the urban catchment. In this study, the impact of LUCC on runoff and pollutants in an urbanizing catchment of Guang-Ming New District in Shenzhen, China, were quantified using a dynamic rainfall-runoff model with the EPA Storm Water Management Model (SWMM). Based on the simulations and observations, the main objectives of this study were: (1) to evaluate the catchment runoff and pollutant variations with LUCC, (2) to select and optimize the appropriate layout of LID in a planning scenario for reducing the growth of runoff and pollutants under LUCC, (3) to assess the optimal planning schemes for land use/cover. The results showed that compared to 2013, the runoff volume, peak flow and pollution load of suspended solids (SS), and chemical oxygen demand increased by 35.1%, 33.6% and 248.5%, and 54.5% respectively in a traditional planning scenario. The assessment result of optimal planning of land use showed that annual rainfall control of land use for an optimal planning scenario with LID technology was 65%, and SS pollutant load reduction efficiency 65.6%.