"14th Five-Year" Development Plan for Ningbo's financial industry released
- Details
- Category: Governmental News
- Published: Tuesday, 31 August 2021 13:52
The recently released "14th Five-Year" development plan for the financial industry in Ningbo proposes that to further promote the two-way empowerment of industry and finance, optimize the joint prevention and control mechanism of financial risks, and create a wide-ranging and influential industrial financial innovation center and regional financial center, by 2025, Ningbo’s financial industry assets will reach RMB6 trillion, and the added value of the financial industry will reach RMB140 billion.
In recent years, Ningbo has built a complete financial ecosystem around the real economy, basically realizing the full coverage of bank-securities-insurance legal person institutions and the coordinated development of other functional institutions. During the "14th Five-Year Plan" period, Ningbo will focus on serving the real economy, preventing and controlling financial risks, and deepening financial reforms, fostering new economies, new business formats, and new models. With the Eastern New Town Financial Business District as the main body, Ningbo will introduce and cultivate local legal person financial institutions, functional headquarters, and regional headquarters; it will make good use of the national insurance innovation pilot zone, the national inclusive financial reform pilot zone and other