Shenzhen is a most well-developed city in China. There are four pillar industries in Shenzhen, High-tech, Modern Logistics, Financial Industry and Cultural Industry. Please find the below information for the Financial Industry.
Shenzhen is a financial hub of China, with the financial industry comprising a hefty portion of the city's GDP. Shenzhen has 315 financial institutions. Shenzhen ranked 18th among the world financial centers, according to the Global Financial Centers Index 15 that was released in March in London. Shenzhen was the 15th most competitive financial center worldwide based on the Xinhua-Dow Jones International Financial Centers Development Index (IFCD) in 2013.
FINANCIAL INDUSTRY
In 2013, the add value of Shenzhen's financial industry reached 200.82 billion yuan, up 15% from the previous year, ranking third in China. The add value of the financial industry accounted for 13.8% of the city's GDP. The city's total assets of the industry amounted to 5.9 trillion yuan, ranking third in China. Shenzhen has 183 listed companies, ranking sixth in the country. The total market value of the listed companies reached 2 trillion yuan. Shenzhen has 315 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 2013, the transaction scale of inter-bank monetary markets and bond markets achieved 31.64 trillion yuan, ranking third in China. The inter-bank transaction amounted to 25.96 trillion yuan, up 24.69% from 2012. The cross-border RMB transaction reached 769.1 billion yuan and the current account transaction amounted to 606.65 billion yuan, accounting for 13.1% of the total national transaction, ranking fourth in China. Since the launch of the cross-border RMB business, the total transaction made by 56 Shenzhen banks for over 5,000 enterprises was 1.75 trillion yuan.
BANKING
By the end of 2013, total savings deposits in Shenzhen banks reached 3.39 trillion yuan, up 14.43% from the previous year and ranking third in the country. Loans reached 2.47 trillion yuan, up 13.17% from 2012 and ranking third in China. Shenzhen is the first Chinese city to provide cross-border RMB loan service. In 2013, the recorded loans reached 15 billion yuan.
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 2013, 1,536 firms were listed at the SSE. The total stock transaction of SSE reached 24 trillion yuan, comprising a half of the total volume in China. The Small and Medium Enterprises Board was launched in 2004 and the NASDAQ-style growth board ChiNext was launched in 2009. There are 17 securities companies in Shenzhen, which ranks third in China. The total assets, net assets and net capital of the city's securities companies continued to top the country. Shenzhen has 20 fund companies, which managed one-third of the net assets of China's total stock funds. 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 2013. The total premium income reached 46.876 billion yuan, growing 16.82% from 2012 and ranking fourth in the country. The number of insurance companies amounted to 17, ranking third in China. The total assets of insurance company amounted to 1.9 trillion yuan, comprising 1/5 of that in China and ranking second in the country.
EQUITY INVESTMENT
Shenzhen's equity investment industry leads China. In 2013, the number of equity fund companies in Shenzhen amounted to 8,862. One-third of the country's venture capital enterprises have their headquarters in Shenzhen. The Qianhai Equity Transaction Center started to operate in May 2013 with over 2,800 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 4 billion yuan.
FINANCIAL ENVIRONMENT
Shenzhen is one of the financial centers in China. The status of the financial industry as a pillar of its economy has been enhanced with cluster development. 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.
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