The latest ranking of Chinas financial centers: Suzhou ranks first in the growth of added value of financial industry

category:Finance
 The latest ranking of Chinas financial centers: Suzhou ranks first in the growth of added value of financial industry


The other regional financial centers are Dalian, Changsha, Jinan, Qingdao, Xiamen, Fuzhou, Ningbo, Hefei, Shenyang, Wuxi, Nanning, Kunming, Nanchang, Harbin, Shijiazhuang, Urumqi, Changchun and Wenzhou.

China Financial Center index ranking

(source: China (Shenzhen) Institute of comprehensive development)

Matthew effect strengthened

The added value of the financial industry of the 31 Financial Centers included in the index reached 4.44 trillion yuan, accounting for 57.7% of the added value of the national financial industry, an increase of 1.6 percentage points over the previous year.

Generally speaking, Shanghai, Beijing and Shenzhen are becoming more and more important as financial centers. One of the important manifestations is that the three cities have gathered the most financial resources. In 2019, most of the newly added licensed financial institutions in China are located in the three national financial centers, and the sum of the strength scores of the three financial institutions exceeds the sum of the other 28 regional financial centers.

In the current ranking, Guangzhous ranking of financial market scale has improved significantly. Thanks to the excellent performance of regional equity trading market and capital market utilization, Guangzhous ranking rose four places in this period, ranking the top four for the first time. Due to the high concentration of financial market resources in China, the top five cities with national trading markets were Shanghai, Shenzhen, Beijing, Dalian and Zhengzhou.

The utilization level of capital market of all financial centers in 2019 will be greatly improved. A total of 154 A-share listed companies and 542.3 billion yuan of new A-share stock financing were added to 31 financial centers in the year.

In addition to Beijing, Shanghai and Shenzhen, Hangzhou and Suzhou performed well among the 28 regional financial centers. In 2019, the number of domestic listed companies in Hangzhou and Suzhou will reach 146 and 120 respectively, and 14 A-share listed companies will be added each year.

Suzhou financial development sample

Song Jifeng, deputy director of the local financial supervision and Administration Bureau of Suzhou, said at the forum that Suzhou has been thinking about how to do a good job in finance, but there is a big gap between the gathering of corporate financial institutions and some headquarters and other municipalities directly under the central government or provincial capital cities. It mainly relies on the local ecological environment of Suzhou to gather some financial resources.

However, the biggest characteristic of the development of Suzhou financial center is that the government departments and financial institutions are good at carrying out practical innovation around the needs of the real economy. Financial products and policy innovations, such as credit guarantee loan, Guanzhu financing and park easy financing, have played an important role in alleviating the difficult and expensive financing problem of small and medium-sized enterprises.

Among them, Suzhou has taken the lead in building a comprehensive financial service platform and a comprehensive financial service system, which has greatly improved the efficiency of enterprise financing docking. The construction of local credit reporting platform has been affirmed by the leaders of the central bank, and has been replicated and promoted as a Suzhou model in China.

Song Jifeng also said that Suzhou has made some innovations in finance in the past two years, including the construction of the countrys first digital credit reporting experimental zone for small and micro enterprises, financial technology innovation and supervision pilot project, and the central banks digital currency pilot project. In the next double 12 Suzhou Shopping Festival, the highlight is the launch of digital currency. It is understood that Suzhou is also the second pilot city to carry out the digital RMB red envelope test after Shenzhen. According to the evaluation of China (Shenzhen) Comprehensive Development Research Institute, as a prosperous and prosperous place since ancient times, Suzhous long-standing and excellent commercial culture atmosphere has bred financial gene for a long time, and has been known as deposit wharf in history. In the new period of development, the development of Suzhous financial industry has a solid real economy, diversified international platforms and efficient government services. The development of its own financial center is expected to step onto a new level. Source: editor in charge of economic report in the 21st century: Zhong Qiming_ NF5619

It is understood that Suzhou is also the second pilot city to carry out the digital RMB red envelope test after Shenzhen.

According to the evaluation of China (Shenzhen) Comprehensive Development Research Institute, as a prosperous and prosperous place since ancient times, Suzhous long-standing and excellent commercial culture atmosphere has bred financial gene for a long time, and has been known as deposit wharf in history. In the new period of development, the development of Suzhous financial industry has a solid real economy, diversified international platforms and efficient government services. The development of its own financial center is expected to step onto a new level.