The percentage of modern service value-added amount in the service sector increased to 58 percent in 2016, while the annual growth of value-added financial output was 18 percent, according to The Report on the Work of the Government delivered during the 1st Session of the 9th Zhuhai Municipal People's Congress on Jan 11, 2017.
Hengqin Life Insurance Co, the first Zhuhai-headquartered life insurance enterprise to operate nationwide came into operation on Hengqin Island upon approval on Jan 5, 2017 by the China Insurance Regulatory Commission. It is an important step in Zhuhai becoming a financial service center.