The Annual Conference of Financial Street Forum 2023 themed "Better China, Better World - Enhancing Financial Openness and Cooperation for Shared Growth and Mutual Benefits" opened in Beijing on the morning of November 8.

Yin Li, Party Secretary of the CPC Beijing Municipal Committee, said in his speech that finance is the lifeblood of the national economy. China's financial market is large in scale and full of potential, and is developing rapidly, having become a key power in maintaining global financial stability. Beijing has abundant financial resources, a considerable number of financial institutions, and numerous talented minds, and is at the forefront of exploring and practicing financial reforms. Yin further stated that looking to the future, the city will accelerate the construction of a modern financial system with the characteristics of a capital city, create a more open and orderly environment for financial development, and contribute to the promotion of high-quality financial development.

Yin Li pointed out that Beijing will make every effort to serve the national financial management of the financial sector, and continuously enhance the city's functionality of serving the financial development. Beijing will improve the financial service system with the best standards, promote the better development of international financial organizations in the capital, and optimize the space expansion and layout for the Financial Street. The quality and efficiency of financial services will be fully improved to better meet the diversified financial needs of society. The city will channel more financial resources to the construction of a modern industrial system, serve the development of micro, small, and medium-sized enterprises, promote urban-rural construction and regional coordinated development, safeguard and improve people's livelihood, improve its multi-level financial market system, and facilitate the growth of Beijing Stock Exchange in size and quality. Beijing will make more efforts to financial reform and opening up, and focus on improving the level of high-quality financial development. Five major tasks centered around technological finance, green finance, inclusive finance, pension finance, and digital finance will be carried out. The innovative practices of Zhongguancun Sci-tech Innovation Finance Reform Pilot Zone and China Beijing Green Exchange will be deepened and piloted in the fields of the opening-up of the city's financial market and financing facilitation in accordance with the development of the "Two Zones" (i.e. the Integrated National Demonstration Zone for Opening up the Services Sector and the China (Beijing) Free Trade Zone). Beijing will ensure financial security and continue to promote the modernization of its financial governance system and governance capacity. The city will build a better development platform, create a world-class business environment, and help domestic and foreign financial institutions and long-term capital to develop and prosper in Beijing.

(Source: Beijing Daily)