Ever since the launch of the Integrated National Demonstration Zone for Opening up the Services Sector and China (Beijing) Pilot Free Trade Zone ("Two Zones" for short) one year ago, Xicheng District has managed to include 105 projects in its investment attraction project database for the development of the "Two Zones". Among the projects, 70 projects have already been implemented, while 84 are either pioneering projects, projects that contribute to breakthroughs, or projects with a major influence, totaling an amount of CNY 100.1 billion.

From January to July 2021, 2,339 new market entities were registered in Xicheng District. More than 80 of these entities were established with a registered capital of over CNY 50 million. Science and technology services, business services, and other modern service industries grew by more than 50 percent on average. The actual utilization of foreign investment in the district was valued at USD 279 million, an increase of 338 percent. The development of the "Two Zones" has played an increasing role in attracting foreign investments.

In addition, Xicheng District has issued a series of supporting policies such as "10 policies of financial openness", "10 policies of financial services", and "10 fin-tech policies", which are the first of their kind in the city. Together, they have constructed a policy "triangle" to support undertaking tasks related to financial reform and opening up.

Looking forward, Xicheng District will further serve and strengthen the functions of Financial Street as a national financial management center, and promote the implementation of key initiatives, including reform of the National Equities Exchange and Quotations (NEEQ) and establishing a stock exchange in Beijing. It will also accelerate the introduction of the Xicheng plan for building a global model digital city, and create new advantages in digital trade.

(Note: Content source is from Xinhuanet)