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Recovery rate Strength of insolvency framework index
A modern international metropolisBeijing, as the national political center, cultural center, center for international exchanges, and center for scientific and technological innovation, is of strategic importance to China. It is the host city of many world-class major events and large-scale international events. It is also one of the world's top 10 financial centers and one of the top four cities (Alpha+ category) according to GaWC. Brand new urban planning is accelerating the development of Beijing in an unprecedented way. Upholding the vision of innovative, coordinated, green, open and shared development, Beijing is creating infinite business opportunities.
One of the world's top ten scientific and technological innovation centersBeijing boasts abundant scientific and technological resources as well as top talent. It is home to more than 90 higher education institutions with approximately 860,000 students, more than 1,000 scientific research institutes, 120 national key laboratories, 68 national engineering technology research centers, and 25,000 national high-tech enterprises. Half of China's top talent, best disciplines and laboratories are in Beijing. Its R&D spending sits at 6.17% of the GRP, ranking first in China. Beijing is undoubtedly the most dynamic city worldwide when it comes to innovation and entrepreneurship, with around 200 new innovative enterprises established every day. The amount of venture capital and the number of cases in Beijing account for about 30% of all venture capital and cases in China. It is second merely to Silicon Valley in respect to VC/PE investment in technological innovation across the globe.
"Strong Magnetic Field" Attracting Foreign InvestmentBeijing is China's first integrated pilot city for further opening the service sector. The State Council respectively approved its program for further opening Beijing's service sector in 2015, 2017 and 2019, assigning it over 400 reform tasks and letting it pilot more relaxing market access policy, more convenient trade regulation policy and more comprehensive talent attraction policy in its service sector. Moody's, Standard & Poor's, Fitch, MASTER, VISA, Experian, Apple, Tesla and other world-leading corporations have set up offices in Beijing.
All-dimensional pattern of outbound investment and international cooperationBeijing has established friendship with 55 cities in 50 countries across five continents. It has also invested in 31 countries along the Belt and Road, and organized international events such as the Belt and Road Forum for International Cooperation, the Beijing 2022 Olympic and Paralympic Winter Games and the CIFTIS.
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