Jinan financial industry records steady growth

Jinan, capital of Shandong province, saw strong growth in its financial industry in 2024, according to a press conference organized by the Information Office of the Jinan Municipal People's Government on Feb 19.

In 2024, Jinan increased its efforts to provide financial services to the real economy, strengthened the supervision of local financial organizations, and prevented and resolved financial risks. These efforts have yielded positive results, and steady progress has been made in developing the financial industry.

It was revealed that the added value of the city's financial industry reached 109.75 billion yuan ($15.1 billion), an increase of 9.2 percent, surpassing the national and provincial averages by 3.6 and 3.6 percentage points, respectively.

Last year also saw 41 institutions designated as technology financial and distinctive institutions, bringing the total in the city to 62. The city also accelerated the listing process of key enterprises, while also screening and recommending 501 high-quality companies to be included in the reserve resource pool for listing.

In 2025, Jinan will continue to optimize its financial ecosystem, steadily develop multi-level capital markets, and deepen the construction of the pilot zone for financial reforms in science and technology innovation.