Financial sector thrives in Pudong
Print Edition
Shanghai’S Pudong New Area hosted 783 financial institutions at the end of September, while their aggregate output hit 107 billion yuan (US$17.6 billion) last year, making the financial sector Pudong’s No. 1 pillar industry, according to the district government.
Of the total, 233 are banks, 316 are brokerage firms and 234 are insurers, the Pudong New Area Bureau of Financial Service said in an article posted on its website this week. The total output of the financial industry in Pudong last year took up 18 percent of the total gross domestic product, and contributed 21 percent of economic growth in the area.
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