Aerial view of Nanning. [Photo/WeChat account: gh_df8bc987e060]

Nanning, capital of Guangxi Zhuang autonomous region, continues to evolve the development of the financial industry with major breakthroughs. 

The added value of Nanning's financial industry grew by 4.9 percent in the first three quarters of this year and achieved an average growth of 6.6 percent over the past two years. 

From January to September, the insurance industry in Nanning achieved a premium income of 22.04 billion yuan ($3.45 billion), a year-on-year increase of 12.4 percent as well as maintained a high growth rate for 21 consecutive months, and its growth rate ranked second in China after Beijing.

A total of 264 companies have settled down in China-ASEAN Financial City in Nanning, which is 12.57 times that of the figure in 2018, and 102 new financial enterprises settled down in the area this year.

Nanning has embarked on new innovation goals by promoting financial innovation around green finance, insurance innovation, and cross-border finance.

Nanning has recently added two listed companies and six companies have been included in Guangxi's list of key companies to be listed in the future.