Recently, the signing of memorandum and inauguration ceremony of the Beijing "Two Zones" Financial Innovation Joint Laboratory has been held in the Shougang Park venue of the China International Fair for Trade in Services. "Two Zones" refer to the Integrated National Demonstration Zone for Opening up the Services Sector and China (Beijing) Pilot Free Trade Zone. With the financial innovation as the pioneer, focusing on policy research, mechanism and product innovation, the Laboratory will closely follow the development goals of Beijing's financial industry in the 14th Five-Year Plan period, carry out research on offshore finance, pension finance, science and technology innovation finance, digital currency, and wealth management, and gradually carry out research on trade in services, green finance, intellectual property rights, and Beijing-Tianjin-Hebei coordinated development, to provide role model and leadership for the opening-up and innovative development of the service industry in China.

Beijing "Two Zones" Financial Innovation Joint Laboratory is jointly set up by Beijing Local Financial Supervision and Administration and the Beijing Branch of the Bank of Communications, which is another important exploration in the financial field to support the construction of the "Two Zones", and is conducive to the development of financial think tank. The two parties will take this as a grip to further enhance the financial innovation capability, the ability to serve the real economy, and the ability to open up to the outside world in the construction of the "Two Zones". Concurrently, the Bank of Communications will give full play to its unique advantages of offshore financial license and integrated operation as a state-owned large bank, and combine such four characteristics as "inclusive finance", "trade finance", "technology finance", and "wealth finance" to promote the work of the Beijing "Two Zones" Financial Innovation Joint Laboratory.

(Note: Content source is from People's Daily Online)