Chongqing’s financial industry booms in H1

Chongqing’s financial industry boasted added value of 56.465 billion yuan in the first half of 2012, 10.6% of Chongqing’s GDP, and the industry’s total financing amount reached 168.89 billion yuan, ranking the 2nd in west China, according to Financial Affairs Office of Chongqing on August 8, 2012.

“At present, Chongqing has altogether 605 financial institutions including 50 new members which sprang up in the first half of 2012”, said Luo Guang, director of Financial Affairs Office of Chongqing. Apart from banks, insurance companies, security companies and bonding companies also saw growth in number and nine financial factor markets like Chongqing Financial Assets Exchange, Chongqing Share Transfer Center, Chongqing United Assets and Equity Exchange, also gave a lot of support to the development of Chongqing’s financial industry.

The nine financial factor markets realized the settlement amount up to 21.96 billion yuan in the first half, with the accumulated transaction amount of 253.19 billion yuan.

Huang Xiqin