Shenzhen is one of China’s main ﬁnancial centers, and boasts some of China’s most complete ﬁnancial market mechanisms and most dynamic cross-border RMB services, in addition to being one of China’s most welcoming cities for innovation. In 2015, the value added industrial output of Shenzhen’s ﬁnancial services industry was 254.282 billion RMB, representing growth of 15.9%, and constituting 14.5% of GDP. This gave Shenzhen one of the highest ﬁnancial industries to total GDP ratios amongst Mainland China’s cities. Shenzhen ranks third nationally in total ﬁnancial assets, local and foreign deposit balances, and loan balance, and is home to 46,000 VC/PE institutions, with registered capital in excess of 2.7 trillion RMB. Districts home to high numbers of ﬁnancial service enterprises include Futian, Luohu, and the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone of Shenzhen. This Qianhai zone will serve as a national pilot demonstration ‘window’ for the relaxation and opening of policies governing foreign participation in the ﬁnancial industry. Two of the better known Shenzhen-based ﬁnancial enterprises are China Ping An and China Merchants Bank.