diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1c7a654e..928258b1 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,17 @@
 # Changelog
 
+## [0.16.0](https://www.github.com/googleapis/java-shared-dependencies/compare/0.15.0...v0.16.0) (2020-12-02)
+
+
+### Dependencies
+
+* update dependency com.fasterxml.jackson:jackson-bom to v2.12.0 ([#225](https://www.github.com/googleapis/java-shared-dependencies/issues/225)) ([b78a1ef](https://www.github.com/googleapis/java-shared-dependencies/commit/b78a1ef83ad946b0d29cd0dff46e48fbde44d120))
+* update dependency com.google.api-client:google-api-client-bom to v1.31.1 ([#215](https://www.github.com/googleapis/java-shared-dependencies/issues/215)) ([08d643a](https://www.github.com/googleapis/java-shared-dependencies/commit/08d643aaf289984b87d734274830712af82585b6))
+* update dependency com.google.protobuf:protobuf-bom to v3.14.0 ([#217](https://www.github.com/googleapis/java-shared-dependencies/issues/217)) ([01a9c64](https://www.github.com/googleapis/java-shared-dependencies/commit/01a9c6442906e8482a53712eba95ccc6f7040928))
+* update dependency io.grpc:grpc-bom to v1.34.0 ([#228](https://www.github.com/googleapis/java-shared-dependencies/issues/228)) ([425d1ea](https://www.github.com/googleapis/java-shared-dependencies/commit/425d1eab2a046c365f816f946576e4030e7c3696))
+* update gax.version to v1.60.1 ([#223](https://www.github.com/googleapis/java-shared-dependencies/issues/223)) ([84c75bd](https://www.github.com/googleapis/java-shared-dependencies/commit/84c75bdbd3f86ef7187373289ee08ad3a0c24719))
+* update google.core.version to v1.94.0 ([#212](https://www.github.com/googleapis/java-shared-dependencies/issues/212)) ([764ef5e](https://www.github.com/googleapis/java-shared-dependencies/commit/764ef5e9a2272cd9244a8fc5cc107ffacf9e9d5b))
+
 ## [0.15.0](https://www.github.com/googleapis/java-shared-dependencies/compare/0.14.1...v0.15.0) (2020-11-10)
 
 
diff --git a/README.md b/README.md
index 6360270a..fc84aac6 100644
--- a/README.md
+++ b/README.md
@@ -14,7 +14,7 @@ If you are using Maven, use this artifact as your project's parent.
     <dependency>
       <groupId>com.google.cloud</groupId>
       <artifactId>google-cloud-shared-dependencies</artifactId>
-      <version>0.15.0</version>
+      <version>0.16.0</version>
       <type>pom</type>
       <scope>import</scope>
     </dependency>
diff --git a/pom.xml b/pom.xml
index ed7f63b3..94d0a739 100644
--- a/pom.xml
+++ b/pom.xml
@@ -4,7 +4,7 @@
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-shared-dependencies</artifactId>
   <packaging>pom</packaging>
-  <version>0.15.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
+  <version>0.16.0</version><!-- {x-version-update:google-cloud-shared-dependencies:current} -->
   <name>Google Cloud Shared Dependencies</name>
   <url>https://github.com/googleapis/java-shared-dependencies</url>
   <description>
diff --git a/versions.txt b/versions.txt
index 37220cd9..45ffaaaf 100644
--- a/versions.txt
+++ b/versions.txt
@@ -1,4 +1,4 @@
 # Format:
 # module:released-version:current-version
 
-google-cloud-shared-dependencies:0.15.0:0.15.1-SNAPSHOT
\ No newline at end of file
+google-cloud-shared-dependencies:0.16.0:0.16.0
\ No newline at end of file