Beijing's H1 2026 GDP at 2.64 Trillion RMB, Up 5.4%; Tertiary Sector Adds 2.31 Trillion, Finance and IT Share
Beijing's gross domestic product reached 2.64 trillion RMB in the first half of 2026, up 5.4% year on year, outpacing the national average of 4.7%. The tertiary sector contributed 2.31 trillion RMB, with finance and information services accounting for over 70% of the city's economic growth. Integrated circuit output surged 92.1%, driving the expansion. The city hosted 47 Fortune Global 500 firms, the most of any city worldwide for 13 consecutive years.
In the first half of 2026, Beijing's gross domestic product reached 2.64 trillion RMB, up 5.4% year on year, exceeding the national average growth rate of 4.7%. The integrated circuit sector posted a 92.1% increase in value added, making it the most prominent growth driver.
Beijing's economic expansion relies on its strong services base. The tertiary sector generated 2.31 trillion RMB in value added during the first half, accounting for the vast majority of GDP. The finance and information services industries together contributed more than 70% of the city's overall economic growth. The headquarters economy remains a key pillar: in the 2025 Fortune Global 500 list, 47 companies were headquartered in Beijing, ranking the city first globally for the 13th consecutive year. In the CBD functional area, 124 office buildings each generated over 100 million RMB in tax revenue, 16 exceeded 1 billion RMB, and two surpassed 5 billion RMB.
The technology services sector performed strongly. The information transmission, software, and information technology services industry achieved 677.46 billion RMB in value added in the first half, up 9.4% year on year. Internet companies including ByteDance, Baidu, Tencent, Sina, and Kuaishou are headquartered in Beijing. The financial sector recorded 480.24 billion RMB in value added, up 10.2% year on year. Beijing has 481 listed companies within its jurisdiction, with a total market capitalization of 33.4 trillion RMB. Among them, 301 are listed on the Beijing Stock Exchange, with a combined market value of over 700 billion RMB. Securities trading volume in the Beijing area rose 43.5% year on year in the first half.
Since 2014, Beijing has implemented the removal of non-capital functions, shutting down general manufacturing and polluting enterprises, with a cumulative total of over 2,100 closures. The Zoo Wholesale Market was closed in 2017, and the Dahongmen clothing and luggage wholesale cluster was fully dismantled within six years. The vacated space has been repurposed: the former Zoo market area was transformed into the JinKe New Area, a national-level financial demonstration zone; the Dahongmen Clothing Trade City was converted into the South Central Axis International Culture and Technology Park, which by 2025 housed over 500 enterprises, including more than 120 national high-tech companies. In the Yizhuang integrated circuit industrial park, SMIC Jingcheng was established in December 2020 with a total investment of 49.7 billion RMB, focusing on 28-nanometer and above mature processes.
The rapid growth of the integrated circuit industry has been driven by improvements in corporate performance. Cambricon Technologies reported 2025 revenue of 6.497 billion RMB and net profit of 2.059 billion RMB, up 453.21% and 555.24% year on year respectively; in the first quarter of 2026, net profit reached 1.013 billion RMB, up 185%. Hygon Information Technology reported 2025 revenue of 14.377 billion RMB, up 56.92%. Naura Technology Group posted 2025 revenue of 39.3 billion RMB. Sugon Information Industry reported 2025 revenue of 14.964 billion RMB, up 13.81%. TsingMicro's reconfigurable chips have shipped over 30 million units, with orders for computing cards exceeding 20,000; its Series C financing raised over 2 billion RMB.
The artificial intelligence sector is also developing rapidly. Beijing has 259 registered large language models, the highest number in China; AI-related financing accounts for more than 40% of the national total; around 30% of China's AI talent is based in Beijing; and the digital economy's value added represents 46.4% of GDP. Jiuzhang Yunji set a record by deploying a smart computing center in 48 days. Galaxy General's robot Galbot S1 has been operating continuously on CATL's production lines for over four months, with nearly 100 units deployed. Zhipu AI's market value briefly exceeded one trillion Hong Kong dollars in June 2026.
Beijing has 92 institutions of higher education, 40 of which are directly under central ministries, the highest density in China. In the 2025 National Science and Technology Awards, units based in Beijing led the completion of 58 projects, accounting for 27.36% of the national total. The Institute of Computing Technology of the Chinese Academy of Sciences has incubated four listed companies: Sugon, Cambricon, Loongson, and Hygon. Tsinghua University has incubated Zhipu AI and TsingMicro. The second phase of SMIC Jingcheng is still under construction, Naura Technology's etching machines are advancing toward more advanced process nodes, and Galaxy General plans to deploy over 1,000 robots.