BEIJING – The assets of legal entities in Beijing’s financial sector reached 148.63 trillion yuan ($21 trillion) by the end of 2018, accounting for half of the total assets of China’s financial sector, official data showed.

As of 2018, Beijing had nearly 12,800 financial entities and over 805,600 employees in the industry, according to the Beijing municipal bureau of statistics.

The annual revenue of Beijing’s financial sector reached 2.49 trillion yuan in 2018, ranking second among all industries in the capital city.

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