"Efforts to build the 'Five Centers' and comprehensively build the modern Wuhan Five-Year Action Plan" was reviewed and approved.

On December 4th, the 12th plenary session of the 14th Wuhan Municipal Committee of the Communist Party of China was held, at which the "Five Centers" Comprehensive Construction of Modernized Wuhan Five-Year Action Plan was reviewed and approved. The Action Plan proposes to comprehensively enhance the level, quality and efficiency of development, achieve significant results in high-quality development, and ensure decisive progress in building the "Five Centers" and constructing a modernized Wuhan by 2030. It mentions the basic completion of the regional financial center. By 2030, it aims to increase the value added of the financial industry to 200 billion yuan, the balance of domestic and foreign currency deposits and loans to 12 trillion yuan, insurance premium income to 120 billion yuan, the "Han Rong Tong" platform to facilitate financing exceeding 600 billion yuan, the proportion of technology-based listed companies to reach 65%, the scale of private equity investment funds to reach 300 billion yuan, and the basic completion of a regional financial center that stands in the middle and connects the world. In addition, the goal is to establish a national trade and logistics center. By 2030, total retail sales of consumer goods are expected to reach 1.2 trillion yuan, total foreign trade volume to reach 800 billion yuan, total social logistics volume to reach 7 trillion yuan, and the ratio of total social logistics costs to GDP to decrease to around 11.2%.