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Wuhan, the provincial capital of Hubei province, is the political, economic and cultural centre of that region. Wuhan is the largest financial and commercial center in Central China. More than 2,000 financial estates are involved in savings and financing of capital, issuing and exchange of stocks and bonds. Both state and private-run commercial enterprises make Wuhan a flourishing market. It's also the largest transportation hub and one of the important bases of industry, education and scientific research in China. Wuwan is the conglomeration of what once three independent towns: Wuchang, Hankou and Hanyang. Even today the city is usually refered to as "Wuhan Three Towns".