Chengdu is jointly designated with Chongqing as the core of the Western Financial Center, formalized in a 2021 plan issued by the People's Bank of China and several other ministries. The plan sets out a "Six Systems and One Foundation" framework covering financial organization, markets, services, innovation, opening up, ecosystem, and infrastructure. Chengdu's principal financial district is the Chengdu Financial City, spanning the High-Tech Zone and Jinjiang District.
Within the twin-city framework, Chengdu has emphasized fintech, consumer finance, and capital markets connectivity, drawing on its position as the leading commercial center of the southwest. The city reports the largest concentration of foreign-funded financial institutions in central and western China, making it an important gateway for international firms seeking to access inland markets.
The Western Financial Center initiative positions Chengdu and Chongqing together as a bridge between China's coastal financial centers and the western regions targeted by the Belt and Road Initiative. Chengdu's focus on domestic fintech and consumer finance complements Chongqing's emphasis on cross-border services and supply-chain finance.