Service Sector

According to the annual Statistical Communiqué on the National Economic and Social Development of Hunan Province, in 2025, the number of domestic tourist visits reached 816.345 million, up by 10.5 percent over the previous year, while inbound tourist arrivals reached 2.407 million, an increase of 19.1 percent. Total expenditure of tourists amounted to 1,157.63 billion yuan, up by 9.0 percent, of which domestic tourists spent 1,147.60 billion yuan, an increase of 8.9 percent, and inbound tourists spent 1.41 billion US dollars, up by 25.5 percent. In 2025, the local general public budget revenue amounted to 350.76 billion CNY, up by 1.7 percent over the previous year. Of this total, tax revenue was 203.75 billion CNY, down by 4.9 percent, while non-tax revenue reached 147.01 billion CNY, up by 12.6 percent. Within tax revenue, domestic value-added tax was 73.96 billion CNY, down by 3.7 percent; corporate income tax was 22.82 billion CNY, down by 3.5 percent. The general public budget expenditure reached 953.11 billion CNY, down by 0.1 percent over the previous year. Of this total, education expenditure was 166.23 billion CNY, up by 3.8 percent; social security and employment expenditure reached 175.05 billion CNY, up by 5.1 percent; health expenditure was 86.98 billion CNY, up by 4.9 percent; science and technology expenditure was 35.30 billion CNY, up by 12.1 percent; and housing security expenditure was 23.00 billion CNY, down by 3.4 percent.

At the end of 2025, the total savings deposits in Renminbi and foreign currencies in all financial institutions reached 8,907.76 billion CNY, up by 8.2 percent over the end of 2024. Of this, household deposits amounted to 5,714.38 billion CNY, up by 10.6 percent, while non-financial enterprise deposits were 1,496.30 billion CNY, up by 3.0 percent. The total loans in Renminbi and foreign currencies reached 7,893.67 billion CNY, an increase of 6.1 percent. Of this total, household loans stood at 2,305.14 billion CNY, down by 1.5 percent, while loans to non-financial enterprises and government institutions reached 5,517.58 billion CNY, up by 9.4 percent.

By the end of 2025, there were 146 listed companies in the province, with total direct financing of 305.07 billion CNY for the year, down by 16.4 percent from 2024. The total market value of A-share listed companies reached 1,888.60 billion CNY, up by 21.1 percent. Securities company branches (including branch offices and business outlets) numbered 401, a decrease of 18. The annual securities trading volume reached 22,700.00 billion CNY, up by 64.5 percent. There were two futures companies in the province, unchanged from the previous year, and the total transaction value reached 5,611.50 billion CNY, up by 12.4 percent.

In 2025, the revenue from original insurance premium received by insurance companies totaled 193.48 billion CNY, up by 5.4 percent over the previous year. Of this total, revenue from life insurance premium amounted to 108.85 billion CNY, up by 10.0 percent; from health insurance premium totaled 31.67 billion CNY, down by 0.7 percent; from personal accident insurance premium was 3.37 billion CNY, down by 1.3 percent; and from property insurance premium amounted to 49.59 billion CNY, up by 0.6 percent. The original insurance indemnity payments totaled 87.43 billion CNY, up by 7.4 percent.