China's financial centers return to growth

The 14th issue China financial center index launched on Wednesday, with Shanghai, Beijing and Shenzhen as the top 3 financial centers in China.

According to the report, the total added value of the financial industry in 36 Chinese financial centers reached 5.69 trillion yuan ($816.5 billion) in 2021, accounting for 62.4 percent of the figure in the country.

Among the 36 financial centers, the financial industry performance scores in 21 cities returned to growth.

By the end of 2021, the total assets of financial institutions in the 36 financial centers accounted for over three-quarters of the figure in the country, with the total assets of banking institutions accounting for 76 percent, the total assets of insurance institutions accounting for 94 percent, the total assets of corporate securities company accounting for 97 percent, and the assets under management of publicly offered funds accounting for 85 percent.

The 36 financial centers have 3,089 A-share listed companies in 2021, accounting for 66 percent of the figure in China, including 350 new listed companies, as well as the total financing from the stock market reaching 1.15 trillion yuan, accounting for 68 percent of the figure in the country.

Moreover, the average GDP growth in the 36 financial centers was 7.6 percent in 2021, increasing 4.5 percentage points from a year earlier.