China’s first e-CNY industrial park was officially launched in Shenzhen's Luohu District on Oct. 11.
Serving as the pillar of Luohu’s economy, the financial industry accounts for nearly 40% of the district’s GDP. In addition, the total financial assets exceed 6 trillion yuan, accounting for approximately one-third of Shenzhen’s total. Luohu is home to nearly 100 licensed financial institutions, ranking second in the city.
In the first half of this year, Luohu’s GDP growth rate reached 9.4%, surpassing the city’s average growth rate by 3.1%. The financial industry, in particular, has performed impressively, ranking first in terms of value-added growth rate among all financial industry clusters in Shenzhen for three consecutive quarters.