The financial industry in Chaoyang District witnessed steady growth to become the district's core pillar industry in 2021. Tax collected from the financial industry between January and November 2021 reached CNY 45.76 billion, a year-on-year increase of 4.0%. District-level income contributed by the financial industry reached CNY 8.98 billion, a 6.4% increase over the previous year, accounting for 17.3% of Chaoyang District's general public budget revenue.

A total of 54 financial institutions were settled in Chaoyang District over the past year. To date, there are 1,653 licensed financial institutions including 376 foreign-funded financial institutions in the district. 100% of the municipality's car finance companies, 100% of foreign-funded reinsurance companies, 80% of foreign-funded banks, 80% of foreign-funded and joint venture insurance companies, and 70% of the representative offices of international stock exchanges were settled here, giving the district an ever-increasing international flavor.

Chaoyang District has capitalized on the development of the Two Zones to benefit from the positive effects of policy combination, enhance pioneering and piloting efforts, play a demonstrative and leading role, further promote financial openness, and facilitate the implementation of high-value pilot policies. Up to now, more than 10 first-ever national and municipal pioneering and piloting policies have been implemented and promoted in the district.

(Source: Chaoyang District People's Government of Beijing Municipality)