The balance of various deposits of urban financial institutions, also known as "total funds", reflects a city's ability to absorb funds.
So how will the total amount of capital in major cities change in 2021?
The first financial reporter sorted out the 20 cities with the largest total capital by the end of 2021 and found that the top 10 cities with the largest total capital were Beijing, Shanghai, Shenzhen, Guangzhou, Hangzhou, Chengdu, Chongqing, Nanjing, Suzhou and Tianjin.
Among them, the three cities of Beijing, Shanghai and Shenzhen have exceeded 10 trillion yuan, and the per capita household deposit in Beijing has exceeded 200,000 yuan.
The cities ranked 11th to 20th are Wuhan, Xi'an, Ningbo, Zhengzhou, Changsha, Jinan, Qingdao, Wuxi, Hefei and Fuzhou.
The three cities exceed 10 trillion yuan, and the per capita household deposit in Beijing reaches 222,700 yuan
The data shows that the total amount of funds in Beijing, Shanghai and Shenzhen has exceeded 11 trillion, which is in the first echelon.
These three cities are also the three major national financial centers in my country. All three cities have national factor markets and trading systems, such as stock exchanges, as well as the headquarters of larger financial institutions, including large banks, securities, insurance, funds, trust agencies, etc.
Among them, by the end of 2021, the balance of local and foreign currency deposits in Beijing's financial institutions (including foreign capital) was 19,974.15 billion yuan, an increase of 1,165.99 billion yuan over the beginning of the year, which has approached the 20 trillion mark and continued to rank first.
Beijing is the center of financial supervision, and the headquarters of large financial institutions are very concentrated.
In addition, Beijing is home to a large number of central enterprise headquarters, regional headquarters of large multinational companies, as well as a large number of large private enterprise headquarters that grew up in Beijing and corporate headquarters that moved into Beijing from other cities, and the total amount of funds accumulated is large.
Not only that, Beijing's modern service industry and high-tech industries have developed very prominently. The income level of employees is also high, and the household deposits are also large.
According to the data, by the end of 2021, household deposits in Beijing reached 4,874.43 billion yuan. According to the resident population of that year, the per capita household deposits in Beijing exceeded 200,000 yuan for the first time, reaching 222,700 yuan.
Shanghai is the city with the largest urban population in my country. It has a large number of multinational companies and financial institutions such as the Shanghai Stock Exchange. The headquarters economy, R&D innovation, etc. are very prominent, and there is a lot of capital accumulation.
Data show that by the end of 2021, the balance of deposits in domestic and foreign currencies of domestic and foreign financial institutions in Shanghai was 17583.108 billion yuan, an increase of 1996.651 billion yuan compared with the beginning of the year; the loan balance was 9603.213 billion yuan, an increase of 1139.073 billion yuan compared with the beginning of the year.
Among them, the total turnover of the Shanghai Stock Exchange in 2021 will be 461.13 trillion yuan, an increase of 25.7%.
Among them, the stock turnover was 114.00 trillion yuan, an increase of 35.7%; the bond turnover was 16.91 trillion yuan, an increase of 47.7%.
The total capital of Shenzhen in South China also exceeded 11 trillion, continuing to rank third.
Data released by Shenzhen shows that the financial industry will strengthen its support for the real economy in 2021.
At the end of December, the balance of domestic and foreign currency deposits in financial institutions (including foreign capital) in Shenzhen was 11254.517 billion yuan, an increase of 10.4% over the previous year.
The balance of domestic and foreign currency loans of financial institutions (including foreign capital) was 7724.078 billion yuan, an increase of 13.6%.
After Shenzhen, another first-tier city in South China, Guangzhou, ranked fourth with 7,498.9 billion yuan, a growth rate of 10.6%.
Zheng Yujie, Assistant President of China (Shenzhen) Comprehensive Development Research Institute and Minister of Think Tank Research and Information Department, believes that among the four first-tier cities, Guangzhou's industrial structure is old and heavy, but in recent years, it includes biomedicine, a new generation of information Technology and other emerging industries are developing rapidly, Guangzhou's industrial structure has achieved rapid transformation, and the industry's stamina has been continuously enhanced.
Why is the Yangtze River Delta growing so fast?
Hangzhou, which ranks fifth, is the only city among many new first-tier cities and second-tier cities with a total capital exceeding 5 trillion yuan.
By the end of 2021, the balance of deposits in local and foreign currencies in the city's financial institutions was 6,104.4 billion yuan, an increase of 12.5%.
At present, Hangzhou, which ranks sixth in terms of total capital, has more than 1.3 trillion yuan.
The large amount of funds in Hangzhou is related to the rapid development of the digital economy in recent years.
In 2021, the added value of the city's digital economy core industries will be 490.5 billion yuan, a year-on-year increase of 11.5%, and an average two-year growth of 12.4%; the added value of the digital economy core industries will account for 27.1% of GDP, an increase of 0.5 percentage points from the previous year.
On the other hand, Hangzhou is the capital of Zhejiang Province, representing the fourth largest economic province in China, with a very developed private economy and high per capita income.
The provincial capital has also concentrated the best public resources such as education and medical care, and a large amount of funds in the province will be gathered in Hangzhou.
Chengdu, Chongqing, Nanjing, and Suzhou are ranked 6th to 9th. The total capital of the four cities is in the 4 trillion echelon, and the gap between them is relatively small.
Tianjin, a municipality directly under the Central Government, ranked 10th with 3.59 trillion.
The top ten cities in terms of total capital include the four municipalities directly under the Central Government and the five sub-provincial cities of Shenzhen, Guangzhou, Hangzhou, Chengdu, and Nanjing, as well as Suzhou, the “best prefecture-level city”.
From the perspective of regional distribution, 10 cities come from the four major urban agglomerations, including 4 in the Yangtze River Delta and 2 in the Pearl River Delta, Beijing-Tianjin-Hebei, and Chengdu-Chongqing.
The 10th to 20th cities are Wuhan, Xi'an, Ningbo, Zhengzhou, Changsha, Jinan, Qingdao, Wuxi, Hefei and Fuzhou.
Among them, Wuhan, which ranks 11th, is in the 3 trillion echelon like Tianjin, and the gap with Tianjin is only 212.8 billion, and the gap between the two places is not large.
After Wuhan, from 12th Xi'an to 19th Hefei, they are all in the 2 trillion echelon.
Fuzhou, which ranks 20th, is 1.9 trillion yuan, which is not far from the 2 trillion mark.
In terms of growth rate, 10 of the top 20 cities have a growth rate of 10% or more. Among these 10 cities, there are as many as 7 in the Yangtze River Delta.
Among them, Ningbo's growth rate is as high as 13.5%, ranking first among 20 cities.
Shanghai and Hangzhou also exceeded 12%, and Nanjing exceeded 11%. In addition, Wuxi, Hefei, and Suzhou all achieved growth rates of 10% or more.
Correspondingly, the GDP growth rate of major cities in the Yangtze River Delta in 2021 is very prominent.
Including Hangzhou, Wuxi, Hefei, Nantong, Suzhou, Changzhou and other cities in the Yangtze River Delta, the two-year average growth rate has reached or exceeded 6%.
In terms of population inflow, the population growth rate of Jiangsu and Zhejiang will be relatively fast in 2021, and the new net inflow will be more.
Among them, when the natural growth rate of the permanent population in Jiangsu turned negative for the first time, the permanent population increased by 281,000, and the annual net inflow of population reached 374,000.
The permanent population of Zhejiang increased by 720,000, and the annual net inflow of population reached 655,000.
Ding Changfa, associate professor of the Department of Economics of Xiamen University, analyzed Yicai.com. In recent years, the integration of the Yangtze River Delta has continued to deepen, and the division of labor and collaboration among cities in the Yangtze River Delta has been enhanced. Further clustering in the Yangtze River Delta city cluster.
On the other hand, with the economic development entering a new stage of transformation and upgrading, the economic growth in some areas that relied on land and labor-driven extensive development has slowed down; while the Yangtze River Delta, which has a large number of talents and engineers, has an advantage in the new stage of transformation and upgrading. constantly highlighted.