By the end of June, total assets within Shenzhen's banking industry had exceeded 15 trillion yuan, according to data released at a financial regulatory press conference on July 29. The conference detailed the operational status and regulatory work of the city's banking and insurance sectors for the first half of 2026. The overall performance of these sectors has remained stable.
In the banking sector, as of the end of June, total assets of institutions within the jurisdiction reached 15.31 trillion yuan, with total liabilities at 14.92 trillion yuan, marking year-on-year growth of 9.56% and 9.57%, respectively. Deposit balances stood at 10.59 trillion yuan, while loan balances totalled 10.30 trillion yuan, representing increases of 3.63% and 4.75% year-on-year.
Regarding the insurance sector, Shenzhen's original insurance premium income for the first half of the year was 127.75 billion yuan, a 5.31% increase year-on-year, the highest growth rate among first-tier cities. Within this, property insurance companies generated 35.094 billion yuan in premiums (up 7.76%), and life insurance companies contributed 92.656 billion yuan (up 4.41%). Industry compensation and payout expenses reached 40.24 billion yuan, a 3.86% rise year-on-year.
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As a major hub for technological innovation, Shenzhen has achieved notable results in strengthening credit support for tech firms and enhancing financial service capabilities for the technology sector. Simultaneously, it continues to deepen high-level openness in the industry. Data indicates that Shenzhen has established 130 dedicated tech bank branches, with outstanding loans to technology enterprises amounting to 1.54 trillion yuan, an increase of 18.06% from the start of the year. In terms of technology insurance, a three-year action plan to support innovation and industrial development through insurance was jointly released, along with the introduction of the inclusive technology insurance product "Shenzhen Huike Bao". During the first half of the year, the city's tech insurance premium scale reached 2.66 billion yuan, ranking first among major Chinese cities.
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In cross-border financial innovation, by the end of June, banks in Shenzhen had served over 33,000 individual investors through the "Cross-border Wealth Management Connect" scheme, with a total cross-border remittance value of 56.34 billion yuan. Local insurance institutions had registered nine cross-border medical insurance products and 61 exclusive critical illness insurance plans, covering a cumulative 198,900 policies. These products offer convenience services such as medical arrangements and claim processing for residents of the Greater Bay Area seeking cross-border medical care.
To address residents' health and retirement security needs, Shenzhen launched the 2026 edition of the "Shenzhen Huimin Bao" insurance product, which has seen participation numbers exceed 6 million for four consecutive years. Individual pension account deposits reached 11.417 billion yuan, up by 1.961 billion yuan from the start of the year. Sales of commercial pension products hit 28.574 billion yuan, an increase of 6.354 billion yuan from the beginning of 2026, further solidifying the third pillar of the pension system.
Additionally, the financial regulatory authority briefed the conference on efforts to rectify disorderly competition. It reported that typical issues such as illegal rebates for mortgage loans, high-interest incentives for auto loans, and false fee payments in insurance have been curbed during the first half of the year. The net interest margin in the banking sector has shown signs of stabilisation and recovery, while multiple fee reduction measures in the insurance industry have achieved significant results.