Guangzhou Comapany Registration Service
Hotline: 86-755-82143422 Email: anitayao@citilinkia.com
In 2011, Guangzhou's financial industry vigorously implemented the "Double Hundred Project" for enterprise IPOs and proactively pursued financial reform and innovation, making new achievements in the establishment of a regional financial center. At the end of 2011, the balance of deposits and loans of financial institutions in Guangzhou amounted to RMB 2.6461 trillion and RMB 1.7732 trillion, respectively. Guangzhou has consistently ranked among China's top three cities in terms of financial resources.
The Capital Market Maintains Its Strong Growth Momentum
In 2011, Guangzhou added another 10 listed companies, bringing the total number of companies listed domestically or abroad to 81. All these listed companies have raised a cumulative total of RMB 125.1 billion. At present, Guangzhou is home to approximately 100 equity investment firms and equity investment management firms with more than RMB 15 billion under management.
Guangzhou's Comprehensive Strength Remains among the Strongest in the Nation
In 2011, Guangzhou recorded a stock trading volume of RMB 3.82 trillion, a futures brokerage turnover of RMB 19.53 trillion, and insurance premium income of RMB 39.723 billion. In the same year, Guangzhou added 16 new financial institutions. At present, Guangzhou is home to 30 corporate financial entities. At the end of 2011, there were 206 financial institutions with more than 3,000 outlets in Guangzhou, making the city one of China's top financial centers in terms of the range of financial institutions and the density of the network of financial outlets. In 2011, Guangzhou's financial and insurance industries paid RMB 19.516 billion in tax.
Opening-up and Cooperation Constantly Deepens
As of the end of 2011, financial institutions from 18 countries and regions have set up 76 branches in Guangzhou, one of the highest numbers in China. Cooperation between Guangzhou and Hong Kong has steadily deepened. Guangzhou Securities and Hong Kong's Hang Seng Securities have established a joint consulting firm. As part of Guangzhou's international financial collaboration program, the Guangzhou Property Exchange has established a strategic partnership with Deutsche Börse AG, achieving remarkable results.
Construction of Functional Zones Progresses Steadily
The Financial Business District of the Pearl River New Town currently hosts 50 financial institutions, as well as the Guangdong branch of the China Securities Regulatory Commission, accounting for nearly one-fourth of the city's total number of financial institutions. Moreover, 18 institutions have announced plans to base their headquarters in the Financial Business District, which is expected to play a leading role in Guangzhou's efforts to build a financial clustering zone and transform the city into a regional financial center. Furthermore, the development plan for the financial industry in Nansha District has been tentatively approved. Under the plan, Nansha will build a modern financial service zone, a pioneering zone for financial reform and innovation in the Pearl River Delta, a pilot zone for shipping finance, and a demonstration zone for the financial cooperation of Guangdong, Hong Kong and Macao. Newly 20 equity investment firms have launched operations in the Guangzhou Financial Innovation Service Zone, and a comprehensive financial service system is largely in place, encompassing credit for tech firms, equity investment, technology insurance, and financial guarantees for tech firms.
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