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Financial Industry

 

¡¡¡¡Shenzhen is one of China¡¯s main financial centers. In 2014£¬the value added from Shenzhen¡¯s financial industry was 223.754 billion RMB, representing an increase of 13.80% over the previous year. Shenzhen¡¯s financial industry accounted for 14.00% of its GDP, the highest financial industry-GDP ratio amongst mainland China¡¯s cities. There are over 400 separate financial institutions in Shenzhen, and the city¡¯s overall financial assets, domestic and foreign currency deposit balance and loan balance all ranked third nationwide. Shenzhen also relied on its internet-sector advantages in establishing the first internet-based bank nationwide, ¡°WeBank¡±. Districts in which financial services are heavily clustered include Futian District, Luohu District, and the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone ("Qianhai Cooperation Zone"). Two of the better known Shenzhen-based financial enterprises are China Merchants Bank and Ping An Insurance.

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