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Financial Institution in Wuxi

In recent years, the financial business has increasingly developed in Wuxi, and initially formed the patterm which bank, security and insurance has remained dominant and diverse financial institutions has coexisted and developed

Banking financial bank institutionsBy the end of June in 2012, Wuxi has 40 banking financial institutions, of which there are 1 political bank, 5 state-owned banks, 11 joint-stock commercial banks, 5 urben business banks, 3 rural commerce banks, 3 village banks, 6 foreign banks and 1 postal saving bank. In addition, there are 1 trust company, 3 finance companies and 1 small loan center of CMBC. At the moment, Bohai bank has been approved to establish in Wuxi. The balance of Wuxi banking institutions is the third-largest in China with 1,073.800 billion yuan, after Suzhou and Nanjing. And its loan amount and increment are ranked in the third place of Jiangsu with in total of loan balance of 780,000 million.

The branches of insurance componyWuxi has 66 various insurance componies’ branches, of which there are 39 life insurance companiesm 26 property insurersand 1 political insurance corporation. Wuxi has ranked in the third place of Jiangsu province in insurance revenue after Suzhou and Nanjing with 8.7 billion yuan form january to June, replaced with 12% of total insurance revenue in Jiangsu.

Securitiesthere are 2 legal person institutions of securities in Wuxi, which are Guolian Securities and Hua Ying Securities (Sino-foreign joint venture, Guolian Securities Holding), with 38 stock exchanges, 2 legal person companies of futures and 19 futures business departments.

Listed companiesWuxi has 79 listed companies, of which there are 40 domestic listed companies and foreign listed companies, as well as 7 listed companies in urben, 33 in Jiangyin and 19 in Yixing, with initial financing 50 billion yuan.