Hubei Financial Industry achieved an added value of 343.274 billion yuan last year

Jimu Journalist Zhao Bei

Correspondent Wang Dan

From July 26th to 29th, the 32nd meeting of the Standing Committee of the 13th National People's Congress of Hubei Province was held in Wuhan. During the meeting, the Hubei Provincial Government reported to the Standing Committee of the Provincial People's Congress a report on the implementation of the "Hubei Provincial Local Financial Regulations" (hereinafter referred to as the report). In 2021, the province's financial industry achieved an added value of 343.274 billion yuan, an increase of 40.5 billion yuan over the previous year.

On April 2, 2021, the 22nd meeting of the Standing Committee of the 13th National People's Congress of Hubei Province reviewed and approved the "Hubei Provincial Local Finance Regulations", which was officially implemented on July 1, 2021. For the implementation of the "Regulations" for more than a year, the province's financial industry has shown a good situation of continuous growth, continuous optimization of structure, standardized development of local financial organizations, and stable risks and controllable risks.

Data Map (Source: Hubei People's Congress Network)

The report shows that as of now, the province has a total of 211 financing guarantee companies, with a registered capital of 64.52 billion yuan, and a balance of 213.8 billion yuan, an increase of 17.06 billion yuan over the same period last year. There are 357 legal institutions in the province, 24 branches, 188 legal entities in pawn, 8 branches, 185 legal entities for financial leasing companies, 145 branches, and 14 commercial factoring companies; The regional equity trading market has exceeded 6,000 companies, achieving a total financing of more than 160 billion yuan, and the main business indicators ranks among the forefront of the country's interbank institutions.

The report pointed out that Hubei's financial industry has also continued to become bigger and stronger. The province has basically formed a financial organization system for the joint development of silver securities insurance, traditional and emerging financial industry, Chinese capital, foreign investment and state -owned and private development. Banks, 6 large state -owned commercial banks and 12 national joint -stock business banks have set up branches in Hubei. The banking institutions have reached 201. The number of joint -stock commercial banks, foreign banks, and non -bank institutions ranks among the top in the central part. There are 86 insurance companies, 519 securities and futures operation agencies, 408 private equity fund managers registered, 1082 management funds, and 225.4 billion yuan in management funds. The province's local legal person financial institutions reached 168, with a total asset of 10.25 trillion yuan. In 2021, the province's financial industry achieved an added value of 343.274 billion yuan, an increase of 40.5 billion yuan over the previous year.

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