The financial industry in Dongguan has been maintaining healthy momentum with respect to economic growth. Dongguan has been leading Guangdong province and many other prefecture level cities in China in terms of its' aggregate development, profitability and social credit system construction.
In 2009, the value added within the financial industry reached 16.6 billion yuan, an increase of 25.5%, higher than Dongguan’s GDP growth rate last year.
The savings deposit in Renminbi and foreign exchange in all financial institutions at the end of 2009 totaled 509.5 billion yuan. Dongguan has become one of the four cities in Guangdong Province with over 500 billion yuan in savings, the other three being Guangzhou, Shenzhen and Foshan.
The cumulative insurance premium income reached 11.5 billion yuan, up by 27.44%. Stock transactions in Dongguan's securities business outlets amounted to 1,144.1 billion yuan, accounting for 2.1% of that in China last year.
(By Tan Jing)