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The Chinese city of Shenzhen is witnessing a growth in financial added value

Shenzhen, Feb. 2 (Xinhua) — Data showed that the added value of the financial industry in Shenzhen, China’s main financial center, reached nearly 513.8 billion yuan (about 76 billion U.S. dollars) in 2022.

Despite the impact of COVID-19 and other negative factors, Shenzhen’s financial sector showed great resilience and its added value saw an average annual increase of 8.3 percent in the past three years, according to data released by the local Shenzhen Financial Regulatory Bureau.

By 2022, the total assets of Shenzhen’s banking sector will reach 12.2 trillion yuan, an annual increase of 8.5 percent.

In 2022, Shenzhen saw 42 newly listed companies, ranking second in China in terms of the number of listed companies, which reached 535 in the city as of 2022.

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