Core Viewpoint - Tianjin is advancing as a financial innovation operation demonstration zone, leveraging its strategic position in the Beijing-Tianjin-Hebei coordinated development plan to enhance its financial sector's capabilities and contributions to the local economy [1][2]. Financial Sector Growth - Since June 2015, Tianjin's financial industry has seen significant growth, with deposits and loans surpassing 3 trillion and 4 trillion yuan respectively. The financial value added increased from 139 billion yuan in 2014 to 256.5 billion yuan in 2024, marking an 84.5% growth. The financial sector's contribution to the city's GDP rose from 8.8% in 2014 to 14.2% in 2024 [1]. Innovation in Leasing and Factoring - Tianjin has established itself as a national leasing innovation demonstration zone and a hub for commercial factoring, with financing leasing and commercial factoring assets reaching over 2.3 trillion yuan and 300 billion yuan respectively by the end of 2024. The city has introduced various innovative business models, including bonded leasing and green leasing, and has seen a 15% year-on-year growth in leasing services for small and micro enterprises [2][3]. Future Development Plans - The city plans to focus on developing world-class leasing centers in aircraft, shipping, and offshore trade, while promoting green leasing initiatives. The aim is to enhance the scale of green leasing assets and support the transition to a low-carbon economy [3]. Financial Innovation Zones - In 2023, Tianjin's government outlined plans to create four financial aggregation zones based on regional characteristics, including a financial historical and cultural zone, a financial development vitality zone, a leasing innovation demonstration zone, and an industrial financial development zone [4]. Progress on Key Projects - Ongoing projects include the establishment of a financial display center in the financial historical and cultural zone, a technology and green finance focus in the financial development vitality zone, and the development of the largest aircraft leasing company headquarters in the leasing innovation demonstration zone. By 2025, the city aims to identify and promote 11 key projects to drive high-quality regional development [5].