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Tier 2 — National Jing-Jin-Ji

Tianjin

Northern China's principal port city and financial center. Specializes in financial leasing (aircraft, shipping, equipment). The Binhai New Area and Yujiapu CBD are the key development platforms under the Beijing–Tianjin–Hebei integration strategy.

Tianjin is the principal port and financial center of northern China, co-developed with Beijing under the Beijing–Tianjin–Hebei (Jing-Jin-Ji) regional integration strategy. The Binhai New Area, established at national level in 2006, is the platform for most financial reform initiatives. The Yujiapu Central Business District, planned as a high-density financial cluster of approximately four square kilometers, has attracted leasing firms, private equity funds, and headquarters of state-owned financial entities.

Tianjin has carved out a distinctive national niche in financial leasing, hosting a substantial share of China's aircraft, shipping, and equipment leasing activity, supported by free trade zone tax and customs facilitation. The development of Yujiapu faced significant vacancy challenges in the second half of the 2010s, reflecting the broader difficulties of greenfield financial districts.

The current strategy emphasizes integration with Beijing's financial functions, expansion of green finance, and continued specialization in financial leasing. Tianjin is positioned as a complementary partner to Beijing within the Jing-Jin-Ji framework, handling port-related finance and specialist leasing while Beijing anchors regulatory and headquarters functions.

Other Financial Centers

Tier 1 — Global

Shanghai

Yangtze River Delta

China's comprehensive international financial center. Home to the Shanghai Stock Exchange, major commodity futures markets, the STAR Market, and the China (Shanghai) Pilot Free Trade Zone. Consistently ranked in the global top ten.

  • Shanghai Stock Exchange
  • STAR Market
  • Lujiazui Financial District
  • China (Shanghai) Pilot FTZ
Top 10 globally Learn more →
Tier 1 — Global

Beijing

Jing-Jin-Ji

China's political and regulatory center, hosting the headquarters of the People's Bank of China, major financial regulators, principal state-owned banks, and the Beijing Financial Street. Home to the Beijing Stock Exchange (2021).

  • People's Bank of China
  • Beijing Financial Street
  • Beijing Stock Exchange
  • Major state-owned banks HQ
Top 10 globally Learn more →
Tier 1 — Global

Shenzhen

Greater Bay Area

A top-tier hub for capital markets, venture capital, and fintech. Home to the Shenzhen Stock Exchange (SME Board, ChiNext), Ping An Group, China Merchants Bank, and the Qianhai Shenzhen–Hong Kong Cooperation Zone. GBA mainland anchor.

  • Shenzhen Stock Exchange
  • ChiNext Board
  • Qianhai Cooperation Zone
  • Ping An Group HQ
Top 10 globally Learn more →