In 2024, a total of 52 significant Chinese and foreign-funded financial institutions landed in Beijing. The value added of the financial industry for the whole year reached CNY 815.42 billion, marking a 7.6 percent year-on-year increase, the highest in the past five years, and contributing to a 1.3 percent increase in GDP growth.

The nation's first wholly foreign-owned futures company established in the split-up manner and the first wholly foreign-owned securities company were approved to commence operations. The third-largest sovereign wealth fund of the UAE, Mubadala[2] , formed its first entity within the territory of China. Saudi Public Investment Fund[3] , one of the world's largest sovereign funds, set up its first office in the Chinese mainland. Beijing's first joint venture bank card clearing institution also opened for business. The high-quality "Beijing Service" has facilitated foreign investment, attracting a number of iconic financial institutions to base in Beijing.

A batch of sci-tech innovation green equity investment funds have also accelerated their aggregation, supporting the development of new quality productive forces. In 2024, Beijing established eight new government investment funds focusing on artificial intelligence (AI), green energy, and low-carbon industries. Five major state-owned banks increased their support for technological innovation through equity investment pilot projects by financial asset investment companies, clinching a preliminary intention fund of nearly CNY 53 billion for over 100 projects in reserve.

(Source: Beijing Daily)