Shenzhen is endeavoring to build a finance system that will have the capacity to support the city's economic development, to incorporate flexibility into the city's industrial structure, and effectively prevent and avoid risks. By 2010, the city is expected to have developed into a modern and international finance center of China. 

Finance

Shenzhen leads the country in terms of the density of banks, securities companies, insurance firms, the number of foreign financial institutions and the percentage of employees among the population. In 2006, the total assets of Shenzhen's finance industry reached 1,600 billion yuan, and the revenue growth rate of the city's finance industry overtook the growth rate of the city's GDP for the first time, the best achievement in the past 10 years.

The government of Shenzhen will strive to strengthen its support for the city's finance industry by providing the most favorable policies, optimum environment and top-quality services. By 2010, the added value made by the city's finance industry will be expected to total 135 billion yuan and account for more than 15 percent of the city's GDP.

Banking

By the end of 2006, the total assets of the city's banking institutions reached about 1,450 billion yuan, up about 20 percent over the previous year. The banking institutions' outstanding deposits in RMB and foreign currencies totaled 1,061.6 billion yuan, and outstanding loans, 839.4 billion yuan, a 10 percent increase over the previous year. The city ranked fourth in the country in terms of total outstanding deposit and loan.

Securities

Shenzhen is one China's landmark centers for securities and capital market. The Shenzhen Stock Exchange, one of China's only two stock exchanges, has entered a new stage in terms of scale and market orientation. In 2004, the small and middle-sized enterprise board was launched in the city. Since then, the stock exchange listings have been operated well. By the end of 2006, 579 companies had been listed at the Shenzhen Stock Exchange, 621 stocks were in trade, 35 more than the previous year. A total of 237.583 billion shares were issued in the Shenzhen market, an increase of 11.4 percent, while 117.69 billion shares were in circulation, an increase of 26 percent. The market value of all listed companies in the Shenzhen Stock Exchange totaled 1,779.152 billion yuan in 2006, up 90.6 percent over 2005.

Venture Capital

The venture capital market in Shenzhen shows rapid growth. The city has the largest number of institutions and the largest amount of capital in China, which made Shenzhen one of China's most attractive centers for venture capital.
In 2006, there were more than 500 registered venture capital firms, about half of the country's total.

Insurance

Shenzhen is China's third-largest city in terms of insurance business. The total assets of the city's insurance industry have been increasing constantly, with an improved business structure developing. Insurance companies with foreign investments maintain strong growth. So far, seven insurance companies have set up their headquarters in Shenzhen. Besides that, the city has 29 branch insurance organizations and about 35,000 employees in insurance business. In 2006, the total assets of the insurance industry in Shenzhen added up to 27.2 billion yuan, accounting for 13 percent of the country's total.

The development of foreign-invested insurance companies in Shenzhen remains strong. By the end of 2006, there were eight representative offices of foreign-invested insurance companies in the city, netting premium of 1.616 billion yuan.

Foreign Financial Institutions

In January 1982, the Shenzhen Branch of Nanyang Commercial Bank started business in the city as the first foreign bank after the People's Republic of China was founded.
2006 saw more foreign banks arrive in Shenzhen. Three Hong Kong banks, Wing Lung Bank, Dah Sing Bank and Shanghai Commercial Bank, launched their branches in Shenzhen. CITIC Ka Wah Bank and Industrial and Commercial Bank of China (ASIA) started business in the city, while the Bank of East Asia and Hang Seng Bank set up branch offices. Currently, Shenzhen boasts 38 foreign financial institutions, among which 31 are operational institutions and seven are representative offices.
Since the RMB service opened up to foreign banks at the end of 2006, 29 foreign banks in Shenzhen have been striving to expand their businesses in the city.

List of Foreign Financial Institutions

Representative Offices
Name	Opening Time	Address
Shenzhen Representative Office of Credit Lyonnais SA	Feb. 1985	Room 11, 31/F, Diwang Mansion
Shenzhen Representative Office of Dah Sing Bank	May 1993	Room 1505, Shenzhen Development Center
Shenzhen Representative Office of Philippine National Bank	Jan. 1996	Room 4001, International Trade Center
Shenzhen Representative Office of Huanan Commercial Bank	Dec. 2002	Room 3306, Diwang Mansion
Shenzhen Representative Office of Bank of India	Dec. 2002	Block B, 20/F, Lushan Building, 66 Chunfeng Road
Shenzhen Representative Office of Shanghai Commercial Bank	June 1996	26/F, Shenzhen International Finance Building
Operating Institutions
Name	Telephone	Address
Shenzhen Branch of Nanyang Commercial Bank	25157103	Nanyang Building, 2002 Jianshe Road
Shenzhen Branch of Bank of China (Hong Kong)	82330230	Kwangtung Provincial Bank Building, Renmin Road South
Shenzhen Branch of Bank of East Asia	82032313	1/F, Haiyan Building, Jiabin Road
Shenzhen Branch of Asia Commercial Bank	25182822	Carrianna Plaza, Renmin Road South
Shenzhen Branch of Wing Hang Bank	25833111	25/F, Diwang Mansion, 5002 Shennan Road East
Shenzhen Branch of United Overseas Bank Group	82461298	2, G2/F, Diwang Mansion, 5002 Shennan Road East
Shenzhen Branch of Kasikorn Bank	82291298	20/F, Shenzhen International Finance Building, Jianshe Road
The Chinese Banks' Association Limited	83786833	Dongfeng Building, 2 Yannan Road
China International Finance Co., Ltd. (Shenzhen)	82237567	33/F, Shenzhen International Finance Building, Jianshe Road
Shenzhen Branch of Hong Kong and Shanghai Banking Corporation (HSBC)	82338016	1/F, New Century Hotel, Chunfeng Road
Shenzhen Branch of Standard Chartered Bank	82461688	52/F, Diwang Mansion, 5002 Shennan Road East
Shenzhen Branch of Credit Agricole SA	83027621	36/F, Diwang Mansion, 5002 Shennan Road East
Shenzhen Branch of Tokyo Mitsubishi Bank	82223000	21/F, Shenzhen International Finance Building, Jianshe Road
Shenzhen Branch of UFJ Bank	82202202	17/F, Shenzhen International Finance Building, Jianshe Road
Shenzhen Branch of Mizuho Corporate Bank Ltd.	82221918	21/F, Shenzhen International Finance Building, Jianshe Road
Shenzhen Branch of Citibank	82232338	37/F, Shenzhen International Finance Building, Jianshe Road
Shenzhen Branch of ABN AMRO Bank	82461488	Room 3609, 36/F, Diwang Mansion, 5002 Shennan Road East
Shenzhen Branch of Hang Seng Bank	82350388	1/F, Kerry Center, Renmin Road South
Shenzhen Branch of KBC Bank	82461188	46/F, Diwang Mansion, 5002 Shennan Road East
Shenzhen Branch of Dah Sing Bank	82191881	1/F, Xilong Building, Renmin Road South
Shenzhen Branch of DBS Bank	25156183	2/F Shenfang Plaza, Renmin Road South
Shenzhen Branch of Shanghai Commercial Bank	82200319	26/F, Shenzhen International Finance Building, Jianshe Road
Shenzhen Branch of Wing Lung Bank	25982298	16/F, Tower A, World Finance Center, Shennan Road East
Shenzhen Branch of First Sino Bank	25983308	15/F, Tower A, World Finance Center, Shennan Road East

List of Representative Offices of Foreign Insurance Institutions

Name	Telephone	Address
Shenzhen Representative Office of Asia Insurance Company Limited	25182274	Room 2205, Block C, Carrianna Plaza, Renmin Road South
Shenzhen Representative Office of Hang Seng Insurance Company Limited	?25880588	Room 1121, Kerry Center, Renmin Road South
Shenzhen Representative Office of Sompo Japan Insurance Inc.	25890004	Room 638, Forum Hotel, 1085 Heping Road
Shenzhen Representative Office of Mitsui Sumitomo Insurance	82461263	28/F, Diwang Mansion, 5002 Shennan Road East
Shenzhen Representative Office of Tokyo Marine and Fire Insurance	82125050	7/F, Diwang Mansion, 5002 Shennan Road East
Shenzhen Representative Office of Nipponkoa Insurance Co., Ltd.	25180500	Room 22, 7/F, Kerry Center, Renmin Road South
Shenzhen Representative Office of DKV Deutsch	25878792	41/F, Diwang Mansion, 5002 Shennan Road East

List of Foreign Insurance Companies

Name	Telephone	Address
Shenzhen Branch of American International Assurance	82463832	11/F, Diwang Mansion, 5002 Shennan Road East
Shenzhen Branch of The Ming An Insurance Co. (HK) Ltd.	82170793	12/F, Block C, Tian An International Building, Renmin Road South
Shenzhen Branch of AIU Insurance Company	82463755	11/F, Diwang Mansion, 5002 Shennan Road East
Shenzhen Branch of Bank of China Insurance Company Ltd.	25155678	31/F, Shenzhen International Finance Building, 2022 Jianshe Road
Shenzhen Branch of CIGNA and CMC Life Insurance Company Ltd.	83196209	31/F, China Merchants Bank Tower, 7008 Shennan Thoroughfare