A policy interpretation conference for the financial sector in the "Two Zones" was held on April 1 jointly by Beijing Local Financial Supervision and Administration, together with the Business Administration Department of the People's Bank of China, the Beijing Office of the China Banking and Insurance Regulatory Commission, the Beijing Branch of the China Securities Regulatory Commission, and the Government of Chaoyang District. The manual regarding the interpretation of "Two Zones" policies for the financial sector was released at the conference.

At the conference, taking their specific tasks as the starting point, Beijing Local Financial Supervision and Administration and other regulatory agencies introduced the development of the "Two Zones" (the Integrated National Demonstration Zone for Opening up the Services Sector and the China (Beijing) Pilot Free Trade Zone) in their respective fields as well as work plans for the next step going forward. They also focused on representative policies in relation to the needs of the participants. The Government of Chaoyang District introduced the development status of the district and the achievements made in the development of the "Two Zones", as well as work arrangements meant to deepen reform and innovation and attract institutions to the district. The guest speakers also responded in details to questions regarding policy issues raised by the attending enterprises.

This interpretation conference was highlighted with more systematic and in-depth contents and also increased participation of foreign-funded institutions.

Compared with the policy announcement and interpretation last year, this year's interpretation covered all the tasks in the financial sector and focused on innovative policies that caught the attention from the market. It covered financial technology, green finance, wealth management, foreign exchange facilitation, financial product and service innovation, and the opening up of the capital market. It presented the full picture of policies by delving deeper into the policy implications, clarifying implementation paths, and introducing demonstration experience.

In order to further expand the international influence of the "Two Zones" policies, this conference was held in Chaoyang District where international financial institutions gather with modern services and policies of the "Two Zones" signify more advantages. More than half of the attendees of the conference were foreign institutions, including model enterprises settled in the "Two Zones" such as Pakistan's Habib Bank Limited, BMW Financial Services, and Toyota Financial Services.

The success of the interpretation conference improved the awareness surrounding the "Two Zones" policies and their influence. The conference also enhanced communication between government and enterprises, fostered favorable public opinions, and attracted more enterprises to pay attention to and participate in the development of the "Two Zones". It also guided market players to seize opportunities seen in the development of the "Two Zones", make full use of policy benefits, and demonstrate more successful cases to jointly promote the high-quality development of the capital's financial industry.

(Note: Content source is from Xinhuanet.)