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Financial Environment
updated on: 2019-07-23

In recent years, Nanchang City focuses on such three major tasks as serving real economy, preventing and controlling financial risks and deepening financial reform, emphasizes the aggregate expansion, quality improvement, guarantee strengthening and environment optimizing, boosts high-quality development of financial industry, having achieved remarkable progress in city-wide financial reform, development and stability.

Total financial volume keeps increasing

At the end of 2018, the balance of foreign currency and RMB deposit of the city-wide financial institutions was 1073.31 billion yuan, with year-on-year growth of 5.9%; the balance of loan was 1212.46 billion yuan, with year-on-year growth of 17.0%, with loan-to-deposit ratio of 113.0%. The increase rate of loan-to-deposit ratio and loan rank in the first and second place among the provincial capital cities in Central China. The city-wide premium income broke through 20 billion yuan, reaching 20.15 billion yuan, reversing the downturn trend at the beginning of the year, with year-on-year growth of 5.3%. The city has 26 listed companies, completing direct financing of 140.54 billion yuan, with year-on-year growth of 20.3%. Affected by the downturn of A-share, the accumulated securities transaction amount of the city achieved 2284.09 billion yuan, with year-on-year decrease of 16.2%. On the whole, the city-wide deposit balance, loan balance, premium income, number of listed companies, amount of direct financing and securities transaction amount account for 30.4%, 39.7%, 26.7%, 39.4%, 46.3% and 54.4% respectively, realizing the increase of different degrees.

Remarkable improvement in development quality

The city completed added value of financial industry of 38.76 billion yuan, accounting for 16.0% of tertiary industry, accounting for 7.3% of GDP, and financial industry has become an important pillar industry of the national economy in our City. The city completed taxes of financial industry of 11.27 billion yuan, increasing 14.8%, accounting for 50% of the province, and financial industry has become the second largest taxpaying enterprise in our City. At the end of 2018, there were 54 thousand people engaging in financial industry, and half of them have the academic degree with bachelor’s degree and above, and financial industry has become a major industry for the employment of high-qualification talents in our city. The provincial financial business district in Honggutan develops rapidly, the aggregation effect of financial elements preliminarily shows, more than 1000 financial enterprises settling in, the headquarters buildings of financial institutions bring the most beautiful skyline of Nanchang, and financial industry has become the “beauty undertaking” of our city.

Superposition of favorable policies for finance

Nanchang has successively drawn up Preferential Policies for Accelerating the Construction of Provincial Financial Business District, Several Policies and Measures on Stabilizing Growth and Facilitating Development and Several Policies and Measures on Further Boosting the Accelerated Development of Enterprise Using Capital Market, supports counties and districts to release incentive policies to support enterprises, and facilitates financial industry agglomeration and rapid growth of direct financing with policy superposition.