A large amount of foreign-invested banks have gathered together in the banking service market in Wuxi, including Mizuho Corporate Bank, Bank of Tokyo-Mitsubishi UFJ, Shinhan Bank, Nanyang Commercial Bank, Citigroup Bank, HSBC Bank and Bank of East Asia.
Meanwhile, rapid development of foreign-invested insurance, finance leasing and commercial factoring has become strong driving force for the development of local financial industry.