1. Beijing has established the Beijing Stock Exchange as a primary platform to support innovative small and medium-sized enterprises (SMEs).
2. The city has launched pilot programs for equity investment and venture capital share transfers, leading to the smooth establishment and growth of multiple secondary funds in Beijing. Comprehensive processes for fundraising, investment, management, and withdrawal have been streamlined, enhancing withdrawal strategies for private equity funds.
3. Restrictions on the number of enterprises that foreign-invested companies can invest in China have been lifted, with the required total investment amount reduced from USD 400 million to USD 200 million.
4. Beijing has taken the lead in piloting the integration of domestic and foreign currency capital pools for multinational corporations in China.
5. A pilot cross-border financial blockchain service platform has been implemented to streamline the authenticity verification of capital project income payments across Beijing. Convenient online processing of capital account income payment services has been piloted to allow enterprises to conduct transactions without visiting the processing authorities.
6. The city has upgraded its pilot programs for cross-border financing facilitation and expanded its scope to include Beijing-based high-tech enterprises and specialized, refined and new enterprises. The funding cap has been increased to USD 10 million, effectively reducing the financing costs of these enterprises.
7. Beijing encourages and supports foreign financial institutions to fully participate in pilot projects such as the RMB international investment and loan fund, qualified domestic limited partnership (QDLP), and qualified foreign limited partnership (QFLP).