Beijing Financial Court Reports Over 1,000 Filed Cases, with Highest Case Amount Reaching CNY 8.8 Billion

On August 10, a press conference was held in the Beijing Financial Court, focusing on Several Measures for the Provision of Judicial Services and Safeguards for Financial Reform and Innovation in the Development of Beijing's Integrated National Demonstration Zone for Opening up the Services Sector and China (Beijing) Pilot Free Trade Zone (collectively the "Two Zones").

2021-08-27

High-level Opening-up for High-quality Foreign Investment: SenseTime Subsidiary Approved to Join Beijing's QFLP Pilot

On August 2, Beijing Guoxiang Shangheng Private Fund Management Co., Ltd. (hereinafter referred to as Guoxiang Shangheng), a wholly-funded subsidiary of SenseTime, was officially approved to join the Qualified Foreign Limited Partnership pilot project in Beijing (QFLP Pilot), with approved quota of USD 300 million. SenseTime is a world leading AI algorithm provider that has independently developed multiple AI underlying infrastructure. Relying on SenseTime's industrial background and competitiveness, Guoxiang Shangheng plans to raise overseas funds to invest in domestic enterprises in relation to the AI industrial chain.

2021-08-23

Beijing Financial Court Issues Measures on Provision of Judicial Service for Development of "Two Zones"

On August 10, Beijing Financial Court convened a press conference and released the Multiple Measures on Providing Judicial Services and Supports for Financial Reforms and Innovations in Development of "Two Zones" in Beijing.

2021-08-21

Beijing Releases Supporting Measures for Legal Services Industry to Promote Development of "Two Zones"

Recently, in order to promote the development of the "Two Zones", namely the Integrated National Demonstration Zone for Opening up the Services Sector and China (Beijing) Pilot Free Trade Zone (BFTZ), Beijing Municipal Development and Reform Commission, Beijing Municipal Bureau of Justice and other departments jointly released the Measures of Beijing Municipality on Reforming and Improving the Development Environment of the Legal Services Industry (hereinafter referred to as the Measures).

2021-08-14

China's First Solely-Foreign-Funded Insurance Asset Management Company Opens in Shunyi District

Recently, Allianz Insurance Asset Management Co., Ltd. received approval of the China Banking and Insurance Regulatory Commission, becoming China's first approved wholly foreign-owned insurance asset management company. The company settled in the Sino-German International Cooperation Industrial Park of Shunyi District cluster, International Business Services Area, China (Beijing) Pilot Free Trade Zone (BFTZ).

2021-08-13