Shanghai’s financial industry has made a significant progress．In 2006，the financial industry generated 79．937 billion RMB．increasing by 17.6％．Financial institutes began to gather in Shanghai．In the end Of the year．There were 563 financial institutes in total．105 of them are foreign invested operational institutes．The deposit in those financial institutes was 2．645488 trillion RMB．The insurance industry also grew steadily．The turnover of the year increased by 22％．to 40.704 billion RMB．