Core Insights - Beijing's "Two Zones" initiative has achieved significant milestones in its five-year development, focusing on expanding the service industry and financial sector [1][3] Group 1: Achievements of the "Two Zones" Initiative - Over the past five years, Beijing has implemented more than 70 national breakthrough policies and promoted over 80 innovative achievements nationwide [1] - The financial sector has been a key focus, with nearly 40% of the open pilot measures related to finance, leading to a projected financial industry value added of 8,154.2 billion yuan in 2024, a 7.6% increase year-on-year [1][3] - The financial industry's growth is expected to contribute 1.4 percentage points to the overall economic growth of the city [1] Group 2: Cross-Border Financial Services - The initiative has fostered innovation in cross-border financial services, including the launch of pioneering cross-border financial products and services [3] - Beijing has initiated the QDLP pilot program and optimized the QFLP pilot, enhancing the framework for cross-border capital pools that benefit 107 multinational corporations [3][5] - The scale of foreign-related income and expenditure in Beijing has increased by 67.4% compared to 2020, reaching 2.4 trillion USD, accounting for 16.9% of the national total [5] Group 3: Payment Services and Trade Facilitation - Beijing has expanded payment services, becoming a leader in cross-border e-commerce foreign exchange payment, serving nearly 400,000 cross-border e-commerce enterprises [5] - The city has introduced innovative payment solutions, including the first "foreign card online payment" service in the country, facilitating over 110,000 transactions in one year [5] - The People's Bank of China in Beijing has completed all 51 tasks related to the "Two Zones" initiative and aims to further enhance financial service quality and efficiency [6]