Shunyi District of Beijing recently held a press conference on the development of the "two zones".

According to reports, Shunyi District, by making use of the Tianzhu Free Trade Zone, capital airport economic demonstration zone, and Sino-German International Industrial Cooperation Park, has accelerated institutional innovation in seven industries, formed a task list of 85 district-level policies, and as of now has implemented 43 pilot policies.

Thanks to the multiple policy benefits and continuously improving business environment, an increasing number of high-quality projects have been attracted to land in Shunyi. Since the kicking-off of the development of the "two zones", Shunyi District has reported 170 reserve projects, with a total investment of CNY 121 billion. Of these reserve projects, 79 projects, or 46.5%, have been implemented.

In addition, 11 pilot policies have been carried out in the cross-border financial sector to expedite the introduction of high-quality Chinese and foreign-funded financial projects. It is said that more than 20 financial projects are now under discussion, with another 11 projects being implemented, and 7 foreign-funded projects are included. Covering a variety of financial business patterns, the projects are estimated to contribute tax revenues of over CNY 10 billion for Shunyi District.

(Note: Content source is from Beijing Daily.)