(Yicai Global) May 27 -- Yuehai sub-district in Shenzhen, Guangdong province is home to around 100 listed firms with a total value of CNY4.85 trillion (USD703.8 billion), according to data from Securities Times.
Yuehai sub-district has 112 firms listed on the A-share, H-share and US markets as of the end of last month and ranks fifth in terms of market value nationwide. Beijing, Guangdong, Zhejiang and Shanghai rank first to fourth.
Huawei Technologies, DJI and ZTE Corp. were all located in Yuehai sub-district, Nanshan district, at some point which has attracted attention online.
Yuehai has incubated 87 listed firms and two of China's richest people Pony Ma and Xu Jiayin have worked there. The area contributed more than CNY250.9 billion (USD36.4 billion) to gross domestic product last year, and many high-tech industries have set up there covering artificial intelligence, big data, cloud service, quantum communication, biological medicine, new energy vehicles and new materials.
Founded in February 1991, the sub-district covers an area of 14 square kilometers and has 16 communities.