Core Insights - Beijing's "Two Zones" initiative has achieved significant milestones in its five-year development, focusing on expanding the service industry and establishing a free trade zone, leading to multiple national innovations [1][3] Economic Performance - In 2024, the financial sector's value added is projected to reach 815.42 billion yuan, with a year-on-year growth of 7.6%, surpassing the national average by 2 percentage points, marking the highest growth in five years [5][6] - The financial sector is expected to grow by 8% in the first quarter of 2025, contributing 17.9% to GDP and driving a 1.4 percentage point increase in the city's economic growth [5] Investment and Projects - A unified investment project database has been established, with 35,000 projects registered and 23,000 projects implemented, involving a total investment of 4.5 trillion yuan, including over 2,600 foreign-funded projects worth more than 70 billion USD [8][9] - In 2024, the projects from the "Two Zones" contributed 12.5% to the city's total fixed asset investment and 63.8% to actual foreign investment [8] Policy Innovations - Over the past five years, Beijing has implemented more than 70 groundbreaking national policies and over 80 innovative achievements that have been replicated nationwide [3] - The city has introduced pioneering policies in various sectors, including tax incentives for technology transfer and the establishment of the first data foundation system in the country [3][4] Trade and Customs - The scale of foreign trade in Beijing has grown from 2.32 trillion yuan in 2020 to 3.61 trillion yuan in 2024, reflecting significant growth [3] - The number of customs special supervision zones has expanded from 1 to 4, with the Tianzhu Comprehensive Bonded Zone ranking second nationally in performance [4] Cross-Border Financial Services - Beijing has launched several innovative cross-border financial services, including the pilot program for domestic limited partners and the optimization of foreign limited partner programs [6] - 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 [6] International Collaboration - Beijing has established a global investment promotion network, collaborating with 25 partners and setting up overseas investment service stations in five international cities [9]

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]