Core Insights - Beijing's "Two Zones" initiative emphasizes the financial sector, with nearly 40% of pilot measures focused on financial openness [1][2] - The establishment of the Beijing Financial Court and the operational launch of the Beijing Stock Exchange are significant milestones, with nearly 200 domestic and foreign financial institutions now operating in the city [1] Financial Performance - In 2024, Beijing's financial industry is projected to achieve an added value of 815.42 billion yuan, reflecting a year-on-year growth of 7.6%, surpassing the national average by 2 percentage points [1] - The financial sector's growth in the first quarter of this year was 8%, contributing 1.4 percentage points to the city's overall economic growth, with the financial industry's share of GDP reaching 17.9% [1] Institutional Developments - Since the launch of the "Two Zones" initiative, nearly 200 domestic and foreign financial institutions have established operations in Beijing, including the first wholly foreign-owned currency brokerage and futures company in the country [2] - Policies such as the integrated currency pool for multinational companies and the unified foreign and domestic currency accounts have been piloted in Beijing, benefiting 107 multinational corporate groups [2] Cross-Border Financial Services - The scale of foreign-related income and expenditure in Beijing has grown steadily, with a 67.4% increase compared to 2020, reaching 2.4 trillion USD, which accounts for 16.9% of the national total [2] - The average annual growth rate of foreign-related income and expenditure is 13.8%, with cross-border RMB income and expenditure steadily increasing, rising from 49.7% in 2020 to 65% in 2024 [2]
北京“两区”建设带动近200家中外资金融机构落地展业
Xin Jing Bao·2025-06-12 15:40