Shenzhen rolled out a slew of policies on April 7 to support the development of financial enterprises, financial technology, and the venture capital industry.
The policies inlcude financial subsidies, talent support, concept innovation to further improve the quality of Shenzhen’s financial industry development.  
He Jie, chief of Shenzhen financial supervision and administration bureau, said that the new policies are updated from the previous versions, and coverage of the supportive policies is now more extensive, and the support more robust.
“We are trying to create the best policies, services and environment for the healthy development of the financial sector,” said He Jie.
Finance plays a vital role as a pillar industry in the socioeconomic development of Shenzhen. In 2021, Shenzhen's financial industry’s added value was 473.88 billion yuan ($74.4 billion), accounting for 15.4% of its GDP. In addition, its tax revenue from the financial industry reached 166.2 billion yuan, accounting for 24% of the city's total tax revenue, which was ranked first among all sectors.