Tianjin targets financial sector at over 14% of GDP during 2026-2030 plan period
On September 23, 2024, the Tianjin Local Financial Administration announced a target to keep the financial industry's added value above 14% of the city's GDP during China's 15th Five-Year Plan period (2026-2030). Director Tang Li outlined five priorities including risk prevention, digital regulation, support for the Beijing-Tianjin-Hebei innovation hub, doubling REIT issuances by 2030, and improving governance.
IllustrationEditorial responsibility
- No named human review is recorded for this page.
- Reports are grouped by semantic similarity and deterministic rules. Language models may assist titles, summaries, translation and cross-source analysis; the page reads the event directly, while its address stays stable when the title changes.
- Summary covers the current reports
Cross-source coverage
Reporting timeline
Tianjin Financial Bureau Aims to Keep Financial Sector Above 14% of GDP in 15th Five-Year Plan
The Tianjin Municipal Financial Bureau announced on September 23, 2024, that during the '15th Five-Year Plan' period (2026-2030), it aims to maintain the financial industry's added value at over 14% of the city's GDP. Director Tang Li outlined five key tasks: preventing financial risks by reforming small and medium institutions and supporting local debt resolution; strengthening local financial regulation with digital systems; serving high-quality economic development by leveraging the Beijing-Tianjin-Hebei innovation hub and attracting long-term capital for hard-tech investments; reforming and innovating the financial sector, including doubling the number of public REITs and institutional REITs issued by 2030 compared to the '14th Five-Year Plan'; and improving governance and financial ecosystem through digital management and legal construction. The announcement was made at a press conference held by the Tianjin Municipal Government Information Office.
Read sourceTianjin Aims to Keep Financial Sector at 14% of GDP During 15th Five-Year Plan
At a press conference held by the Tianjin municipal government on September 23, the Tianjin Local Financial Administration announced a target for the city's financial sector during the '15th Five-Year Plan' period (2026-2030). Director Tang Li stated that the city aims to keep the financial industry's added value at or above 14% of the city's total GDP. The plan outlines five key tasks: preventing and defusing financial risks, including supporting local debt resolution and cracking down on illegal financial activities; strengthening local financial regulation through digital systems and industry consolidation; serving high-quality economic development by aligning financial resources with industrial needs in the Beijing-Tianjin-Hebei region and supporting key projects; enhancing financial sector quality through innovation in areas like REITs, aiming to double the number of public and institutional REITs issuances by 2030 compared to the '14th Five-Year Plan' period; and improving governance and the financial ecosystem through digital finance initiatives and legal construction. The announcement positions Tianjin's financial development as a contribution to China's broader goal of building a 'financial powerhouse.'
Read sourceTianjin aims to keep financial sector at 14% of GDP during 15th Five-Year Plan
At a press conference held by the Tianjin municipal government on September 23, the Tianjin Local Financial Administration announced that during the '15th Five-Year Plan' period (2026-2030), the city aims to maintain the financial industry's added value at over 14% of its GDP. Director Tang Li outlined five key tasks: preventing financial risks by reforming small and medium institutions and supporting local debt resolution; strengthening local financial regulation through digital systems and industry consolidation; serving high-quality economic development by leveraging the Beijing-Tianjin-Hebei innovation hub and attracting long-term capital for early-stage and hard-tech investments; enhancing financial sector quality through four 'upgrade shifts' including REITs issuance, with a target to double the number of public and institutional REITs by 2030 compared to the 14th Five-Year Plan period; and improving governance and financial ecosystem through digital management and legal frameworks. The announcement reflects Tianjin's strategy to contribute to China's goal of building a strong financial nation.
Show 2 older updatesHide older updates
Tianjin aims to keep financial sector above 14% of GDP during 15th Five-Year Plan
At a press conference held by the Tianjin municipal government on September 23, the Tianjin Local Financial Administration announced a target for the city's financial sector during the 15th Five-Year Plan period (2026-2030): maintaining the added value of the financial industry at over 14% of the city's GDP. Director Tang Li outlined five key tasks: preventing and resolving financial risks, including pushing forward reform and risk mitigation for small and medium financial institutions and supporting local debt resolution; strengthening local financial regulation through digital and intelligent systems; serving high-quality economic development by leveraging the Beijing-Tianjin-Hebei innovation hub and attracting patient capital for early-stage and hard-tech investments; reforming and innovating to improve financial sector quality, including a goal to double the number of public REITs and institutional REITs issued by the end of 2030 compared to the 14th Five-Year Plan period; and improving governance and the financial ecosystem through digital management and legal construction. The announcement was reported by China News Service on September 24.
Tianjin Financial Bureau Aims to Keep Financial Sector at 14% of GDP by 2030
At a press conference held by the Tianjin municipal government on September 23, the Tianjin Local Financial Administration announced its goal for the '15th Five-Year Plan' period (2026-2030): maintaining the financial industry's added value at over 14% of the city's GDP. Director Tang Li outlined five key tasks: preventing financial risks by reforming small and medium institutions and supporting local debt resolution; strengthening local financial regulation with digital systems and industry consolidation; serving high-quality economic development by leveraging the Beijing-Tianjin-Hebei innovation hub and attracting patient capital for early-stage and hard-tech investments; enhancing financial sector quality through four 'upgrades' including REIT issuance targets; and improving governance with digital management and legal frameworks. The announcement reflects Tianjin's strategy to support China's broader goal of building a 'financial powerhouse.'