Chengdu city in Sichuan province will hold its first provincial financial expo and forum on November 24 to 26, said Wang Lin, the deputy director of the Financial Work Bureau, China Securities Journal reported.
The event aims to showcase Sichuan’s potential to be the financial centre of West China. The first financial expo will showcase the province’s banking, insurance, securities funds, foreign finance, science and technology, inclusive finance and wealth management sectors.
There are 232 banking institutions, 525 securities and futures funds operating agencies, 93 insurance companies, 833 micro loan firms and financing guarantee companies and 12 trading places in the province.
The number of listed companies reached 137, with 115 listed in mainland China and 22 in Hong Kong. Both the number of financial institutions and the figure of listed companies rank first in the Midwest.
In the first three quarters of this year, the added value of Sichuan’s financial industry increased by 8.6%.