Hongkou District has been the first district in China to make the development of the wealth management sector its strategic priority as earlyas the start of the 12 Five-Year Plan. As of September 2020,the district is home to more than 1, /00 tinancial firms,up from 78 at the andof the 11th Five-Year period. These financial firms manage aggregated assets of six trillion RMB,and tax revenues from financial firmehave jumped about 20%of the total tax revenues from enterprises,up trom less than 3%o at the end or the 11th Five-Year period Atprecont various types of financial firms,with the exception of trust companies,are registered in hongkou. Nearly 1/8 of China's mutual s
management companies have moved into Hongkou. Hongkou is also the home to Chinas tirstneage tuna park and China's first hloobat lab and previous global blockchain summits are held here.
