The recently concluded 19th meeting of the Standing Committee of the 14th Jiangsu Provincial People’s Congress heard a report from the provincial government on the province’s financial sector. According to the report, Jiangsu’s increment in aggregate social financing reached RMB 2.99 trillion in the first three quarters, the highest in China.

Since the beginning of the year, financial resource supply in Jiangsu has remained ample and effective. The total assets of locally incorporated financial institutions have surpassed RMB 15 trillion, providing strong support for the province as it fulfills its role as a major pillar of the national economy.

In the first three quarters, Jiangsu issued RMB 2.31 trillion in new RMB and foreign-currency loans, ranking first nationwide. Outstanding balances of manufacturing loans, loans to technology-based enterprises, green credit, and inclusive small and micro-enterprise loans all posted double-digit growth compared with the beginning of the year. As of now, 24 companies registered in the province have newly listed on domestic stock exchanges, ranking first in China, and 23 of them belong to strategic emerging industries. Jiangsu also leads the country with 114 companies listed on the STAR Market and 54 on the Beijing Stock Exchange.

Jiangsu Province currently hosts 187 locally incorporated financial institutions and more than 1,500 local financial organizations. In the 2025 Global Top 1000 Banks ranking, 13 Jiangsu-based banks made the list—more than any other province. The government-backed financing guarantee system has continued to expand, with RMB 137.3 billion registered with the National Financing Guarantee Fund in the first three quarters, again the highest nationwide. Local financial public-service platforms have also improved steadily: the provincial comprehensive financial service platform has helped 74,000 enterprises secure RMB 447.9 billion in credit this year, while the regional equity market’s special board for enterprises using special and sophisticated technologies to produce novel and unique products has nurtured 1,547 enterprises in total.