Beijing is home to China's central bank---People's Bank of China and  headquarters of big national financial and insurance institutions.  Gross outstanding of deposits of financial institutions in Beijing totaled 1,527.6 billion Yuan (approximately 184.05 billion U.S. dollars) in 2002.  Outstanding of loans amounted to 922.5 billion Yuan (approximately 111.14 billion U.S. dollars). 

By the end of year 2002, there were 118 representatives of foreign financial institutions and non-operational organizations operating in Beijing, which equals to 50.6% of the total number nationwide.

In addition, eighteen foreign banks have set up their branches in Beijing.  Foreign and domestic premium in 2002 totaled 22.68 billion Yuan (approximately 2.73 billion U.S. dollars), scoring a 60.9% increase over the previous year.  Insurance density of Beijing was 1,255 Yuan (approximately 151.20 U.S. dollars), which was 7.4 times higher than the average national figure.
 
[Beijing Foreign Affairs Office]