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Financial Services

Shenzhen is a financial hub of China, with the financial industry comprising a hefty portion of the city's GDP. Shenzhen ranked 23rd among the world financial centers, according to the Global Financial Centers Index 18 that was released in September 2015. Shenzhen was the 15th most competitive financial center worldwide based on the Xinhua-Dow Jones International Financial Centers Development Index (IFCD) in 2015.

FINANCIAL INDUSTRY

In 2015, the add value of Shenzhen's financial industry reached 254.28 billion yuan, up 15.9% from the previous year, ranking third in China. The added value of the financial industry accounted for 14.5% of the city's GDP. The city's total assets of the industry amounted to 9.19 trillion yuan, ranking third in China. Shenzhen has 202 listed companies, ranking sixth in the country. The total market value of the listed companies reached 4.6 trillion yuan, ranking third in the country. Shenzhen has 378 financial institutions with the numbers of its banks, security institutions, insurance companies and foreign financial companies and employees ranking among the tops in China.

In 2015, the transaction scale of interbank monetary markets and bond markets achieved 63.45 trillion yuan, up 90.3% from last year, ranking third in China. The cross-border RMB transaction reached 1.38 trillion yuan in 2015. Since the launch of the cross-border RMB business, the total transaction was 4.31 trillion yuan with 153 countries and regions involved.

BANKING

By the end of 2015, total savings deposits in Shenzhen banks reached 5.78 trillion yuan, up 15.6% from the previous year and ranking third in the country. Loans reached 3.24 trillion yuan, up 15.4% from 2014 and ranking third in China. Shenzhen is the first Chinese city to provide cross-border RMB loan service. By the end of 2015, the recorded Qianhai cross-border RMB loans reached 33.93 billion yuan, accounting for 40% of the country's total.

SECURITIES INDUSTRY

As one of the centers of China's securities markets, Shenzhen is home to the Shenzhen Stock Exchange (SSE) - one of the two stock exchanges on the Chinese mainland. By the end of 2015, 1,746 firms were listed at the SSE. The total stock transaction of the SSE reached 122.5 trillion yuan, comprising a half of the total volume in China. Shenzhen has 19 security companies, ranking second in the country. The city has 24 fund companies, and the net value of the public offering of fund was 1.96 trillion yuan, up 86.34% from last year. The number of fund companies, the funds they managed, the total scale of the fund, and the net value of fund assets ranked second in China. Shenzhen has 13 futures companies, ranking third in China.

INSURANCE

Shenzhen insurance firms saw robust growth in 2015. The total premium income reached 64.76 billion yuan, growing 18% from 2014 and ranking fourth in the country. The number of insurance companies amounted to 22, and the insurance branches were 70. The total assets of insurance companies amounted to 3.17 trillion yuan, comprising one-fourth of that in China.

EQUITY INVESTMENT

Shenzhen's equity investment industry leads China. In 2015, the number of registered equity fund companies in Shenzhen amounted to 46,000, the total registered capital amounted to 2.8 trillion yuan. The Qianhai Equity Transaction Center started to operate in May 2013 with over 9,000 enterprises listed, making it a regional equity transaction center with the most listed enterprises in China. Shenzhen has become the pilot city to have Qualified Foreign Limited Partner and the registered capital is over 20 billion yuan.

FINANCIAL ENVIRONMENT

Shenzhen is one of the financial centers in China. With the rapid development of Shenzhen's economy and finance, the status of the financial industry as a pillar of its economy has been enhanced and strengthened since Shenzhen was established as a special economic zone over 30 years ago. The financial clusters include Futian, Luohu and Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone. Representative enterprises include China Merchants Bank and Ping An Insurance Company of China. The city's Internet payment, loans, equity crowdfunding and other Internet finances top other cities on the Chinese mainland. By the end of 2015, Shenzhen had 20 third-party payment companies and 712 P2P platforms. Representative companies include Qianhai WeBank.

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