Financial services

The regional financial services center in Yangtze River Delta became more consolidated. In 2011, Hangzhou, the added value of financial industry in Hangzhou was 73.149 billion yuan, increased by 11.3%. The saving deposits of RMB and foreign exchange from all financial institutions in Hangzhou amounted to 1839.657 billion yuan and the loans of RMB and foreign exchange from all financial institutions stood at 1657.374 billion yuan, up by 8.6% and 11.2%, respectively. There were a total of 403 Venture capital and equity investment institutions, and 28 small loan companies. The financial institutions accumulated t0 292, newly added 17 financial institutions and 10 listed companies. The insurance industry was in stable development, the annual premium income was 21.11
billion yuan, increased by 18.l%. The growth of pawn broking was rapidly, the cumulative pawn amounted to 17.187 billion yuan throughout the year, increased by 48.4%.

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