Shenzhen Government Online
Shenzhen ranks top in urban capital vitality
From: Shenzhen Daily
Updated: 2020-07-06 09:07

Shenzhen tops the comprehensive urban capital vitality ranking for all cities in China, according to the 2019 China Urban Capital Vitality Index Report published Friday.


The report, compiled by Antai College of Economics & Management and Shanghai Jiao Tong University, is issued every two years.


In the ranking, the top 10 are Shenzhen, Hangzhou, Shanghai, Suzhou, Beijing, Guangzhou, Wuxi, Wuhan, Nanjing and Ningbo.


The urban capital vitality index consists of three sub-indexes and five indicators. The subindexes include scale index, efficiency index and structure index.


Scale index consists of two indicators, namely, the number of listed companies and the market value of listed companies; efficiency index comprises the per capita number of listed companies and the per capita market value of listed companies; and structure index measures the industrial emerging degree of listed companies.


Shenzhen, Shanghai and Beijing have retained distinct advantages in capital vitality with larger capital scale and higher capital efficiency. However, compared with Shanghai and Beijing, Shenzhen has gained the upper hand in terms of the degree of emerging industries, as per the report.


According to the report, the capital scale of the top 20 Chinese cities in economic aggregate has been expanding, and the capital efficiency of these cities has also been significantly improved.


As of 2018, the number of listed companies per million people in the top 20 Chinese cities in economic aggregate had reached 14, and the per capita market value of listed companies had reached 252,000 yuan (US$36,000), far higher than the national average.


The report points out that the overall capital vitality of the Beijing-Tianjin-Hebei region is fairly good, but there is still a significant gap between the region and the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta region.


Meanwhile, the capital vitality of the Yangtze River Delta region has been developing steadily, but is subject to a certain pressure of growth and competition.


From the perspective of economic development of the three regions, the report highlights that mutual cooperation and complementary advantages between cities have greatly expanded space for regional development and opened up new possibilities for cities to improve their competitiveness.


The report also points out that the coordination of regional development needs to be further enhanced.



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