Three foreign institutions, namely, Shoutong Tianrui, Shouhong Ruizhi and Shouxin Ruizhi, recently settled in Shunyi Cluster of China (Beijing) Pilot Free Trade Zone (BFTZ) Shunyi International Business Service Zone, with a total registered capital of 1.4 billion yuan. According to Shunyi District Financial Services Office, Shunyi District has attracted seven foreign financial institutions including Allianz Asset Management to settle in this year.

In Shunyi District, industrial finance represented by funds and financial leasing has experienced significant development, while finance has become Shunyi's third largest pillar industry after the airport economy and automobile manufacturing. There are nearly 400 outstanding financial institutions, including over 60 banking, securities, and insurance institutions such as the headquarters base of China Minsheng Bank, the IT R&D Center of Bank of Beijing, Beijing Life and J.K. Life Insurance, over 120 publicly and privately offered funds approved by the securities regulatory system such as China Asset Management, Bank of Beijing Scotiabank Asset Management, China Innovation Fund, China Development Fund and CCCC Fund, with a total scale of over 2.1 trillion yuan, plus over 100 financial leasing companies such as CUL&TECHFLCO and Jingcheng Financial Leasing[Bonnie1] .

Shunyi is the largest cluster in area of BFTZ and is speeding up the construction of the "Two Zones". Cross-border finance is one of the seven key industries in Shunyi, with quality Chinese and foreign financial projects introduced to the district in an accelerated manner. To date, 14 of 17 pilot policies for "Two Zones" cross-border finance have been implemented and 16 key financial projects have settled in Shunyi.

(Source: Beijing Daily)