On the morning of November 9, the first event of the briefing on financial policies related to the Integrated National Demonstration Zone for Opening up the Service Sector and the China (Beijing) Pilot Free Trade Zone (collectively referred to as the "two zones") was held in the Beijing Municipal Administrative Center. Huo Xuewen, Secretary of the Leading Party Members Group and Director General of Beijing Local Financial Supervision and Administration, noted during the event that Beijing will promote, with the greatest effort, the implementation of the 102 financial policies related to the "two zones".

Over the past two years, with the guidance and support of national financial administration departments, Beijing has actively carried out national tasks of financial opening-up and attracted more than 40 foreign financial institutions to register in Beijing by leveraging its advantages in such aspects as financial regulation, infrastructure, market environment, talent resources and professional services.

Beijing has formed a leading area of financial opening-up with the most inclusive categories, the widest fields, and the most complete system. It has been gradually becoming the first choice for foreign financial institutions when entering China's market. The Beijing Municipal Administrative Center, where the "two zones" are located, has been consolidating itself as a functional area for "wealth management, green finance and fintech ", improving its regional financial business forms, creating a more favorable financial environment, and improving its financial ecology.

Among "two zones" construction tasks, a total of 102 measures on opening-up and innovation are relevant to the financial sector. They cover almost all types of financial services involved in China's current financial reform and opening-up, including banking, securities, insurance, funds, fintech, asset management, etc., and important aspects related to the financial industry, including financial supervision, financial talents, financial regulation, financial infrastructure, etc.

(Note: Content source is from Beijing Daily)