Recently, the 2024 Global Asset Management Forum was held in the Beijing Municipal Administrative Center (BMC). The forum, focusing on the theme of "Pursuing the Path of Comprehensively Deepening Reforms", provides advice on strategies for empowering technological innovation and the development of the real economy with financial resources in BMC.

In recent years, the BMC has consolidated its position as a financial pillar industry by improving the efficiency of serving the real economy, and striving to build a "Global Asset Management Center" and a "Global Green Finance and Sustainable Finance Center" to support the construction of a financial powerhouse.

The BMC actively constructs various "investment + finance" scenarios, continuously elevating the financial industry to a higher level. The BMC has maintained an investment amount of over CNY one hundred billion for four consecutive years, advancing the construction of major projects with over CNY one billion investments, such as the comprehensive transportation hub at the sub-center station and the underground transformation of the East Sixth Ring Road. These moves have provided a range of application scenarios for financial capital development. Currently, there are over 460 registered financial and affiliated institutions in BMC, with the financial industry contributing more than 10 percent of GDP equivalent added value for three consecutive years.

The BMC makes greater efforts to promote the integration and interaction of "industry + finance", in a bid to boost innovation and development of the financial industry across the board. Modern finance is a key pillar for BMC's vision in building a CNY trillion-level industrial cluster, with increasing synergy between the digital economy, advanced manufacturing, cultural tourism, and other industries. As the influence of green finance continues to rise, the Beijing Green Exchange has been established and upgraded to a national-level green exchange. The exchange ranks first in the country in terms of the average transaction price of carbon emission quota. Technology is playing a more decisive role in empowering financial development, As such, over 120 fintech companies have been established, delivering more than 400 independent intellectual property rights. At the same time, the financial data area of the pilot zone for the data infrastructure system is accelerating progress, which will further enable broader application scenarios for financial digital technology.

The BMC is also working on optimizing the development environment for "service + finance," creating the best ecosystem for the development of the financial industry. The BMC is actively building an iconic business environment with the lowest overall cost, the highest approval efficiency, and the best administrative services, as to provide comprehensive support for the establishment and operation of financial institutions and the residence registration for financial talents.

The Global Asset Management Forum, as a highly authoritative and influential event in the financial sector, serves as an important dialogue platform to promote the high-quality development of the financial industry in China.

(Source: BMC News)