In 2025, Shenzhen's insurance industry achieved a direct insurance premium income of 217.798 billion yuan, an increase of 11.22% year-on-year, ranking first among first-tier cities in growth rate.

On March 9, the Shenzhen Financial Regulatory Bureau released the “Report on Promoting High-Quality Financial Services Development by 2025” (hereinafter referred to as the “Report”). The Report systematically summarizes the experiences, practices, and achievements of the Shenzhen Financial Regulatory Bureau in guiding local banking and insurance institutions to serve the high-quality development of Shenzhen’s economy and society by 2025.

The Report is divided into four parts, each describing efforts in supporting the smooth internal and external circulation, deepening the “Five Major Articles” of financial work, advancing financial reform and opening-up, and integrating deeply into social governance.

According to the Report, by the end of 2025, the total deposits and loans of local banks reached 10.32 trillion yuan and 9.96 trillion yuan, respectively, representing year-on-year growth of 5.63% and 5.17%. The insurance industry’s annual original insurance premium income was 217.798 billion yuan, an 11.22% increase year-on-year, outpacing the national average and ranking first among first-tier cities.

Specifically, in the area of “Enhancing economic support through internal and external circulation,” the Shenzhen Financial Regulatory Bureau actively guided banks and insurance companies to increase support in key areas such as consumption, investment, and foreign trade in 2025, promoting the flow of “financial water” into thousands of industries and households. To boost consumption, by the end of 2025, personal consumer loans in Shenzhen totaled 840.84 billion yuan, up 2.57%. For investment expansion, by the end of 2025, manufacturing loans in Shenzhen reached 1.72 trillion yuan, a 13.42% increase, with medium- and long-term loans accounting for 59.84%. A total of 43 projects were supported by new policy financial instruments, with a total investment of 11.52 billion yuan. Insurance funds invested in Shenzhen amounted to 907.067 billion yuan. To stabilize foreign trade, the city jointly issued “Measures to Support Foreign Trade through Financial Services,” launching specialized products such as “Micro Trade Loans” and “Cross-border E-commerce Insurance.” In 2025, new foreign trade loans issued by local Chinese banks reached 923.061 billion yuan, a 17.89% increase; export credit risk guarantees for 31,000 foreign trade companies totaled $114.8 billion, up 15.10%, helping Shenzhen maintain its position as the “Foreign Trade Capital.”

Text | Jiang Jiayuan, Shenzhen Financial Supervision