Shenzhen Remains as One of the Top Three Cities in China in the Key Financial Indexes
The city financial industry is expecting to see an added value that will reach more than 200 billion yuan in 2013 a 14 percent increase from 2012. The financial sector generated revenue of 74 billion yuan in 2013 which is up by 23 percent and accounts by 19 percent of the total tax revenues in the city.
Shenzhen remains as one of the top three cities in China in the key financial indexes ranging from yuan loan balances, foreign currencies, saving deposits, fund management companies, assets of stock exchanges and insurance agencies assets. Shenzhen’s has more than 183 listed enterprises that was able to raise around 100 billion yuan in capital before the year ended which analysts say is nearly am increase of fivefold compared to 2012. Loans to SMEs also reached a total of 700 billion yuan, an increase of 18 percent from 2012. Emerging industries also got loans which totals 160 billion a 30 percent increase compared to 2012.
Shenzhen mayor praised the financial sector of the city for having a stable growth all throughout 2013 even with adverse economic situation that are affect major countries around the world. Cross border yuan reserves at the Qianhai development zone was already exceeded 15 billion yuan and the city will be further implementing deeper reforms in 2014 for the further development of the Qianhai Development zone.