Source：Organizing_Committee | Date：2020-09-16
Recently, at the special event for foreign investment — "Financial Street and the Expansion of Financial Industry Opening-up" hosted by Beijing Financial Street Service Bureau, the Measures of Xicheng District on Further Opening up Financial Industry on Financial Street (“Opening-up Measures") were released to the public.
This event is an integral part of the 2020 China International Fair for Trade in Services (“CIFTIS”). The aim of the “Opening-up Measures” is threefold: to attract foreign financial institutions, including banks, securities, insurance, funds, futures, trusts, and wealth management; to strive for the implementation of pilot policies on further opening up the financial industry, promote the applications of qualified domestic limited partners for overseas investment, foreign exchange settlement and other businesses; and to support foreign investors or rating agencies to enter the financial infrastructure market and apply for bank card clearing licenses.
(The pictures in this article are from the WeChat Official Account of Beijing Financial Street WeChat Platform)
According to the relevant person in charge of the Beijing Financial Street Service Bureau, the “Opening-up Measures" highlighted the three characteristics of "comprehensive undertaking", "platform building" and “targeted service", and aimed to show the determination and confidence of the Financial Street in undertaking the task of opening up China’s financial sector to the world. In the next step, the Beijing Xicheng District People’s Government and Beijing Financial Street Service Bureau will steadily promote the implementation of these measures, provide better services to institutions, and strive to build the Financial Street into a national pilot area for financial reform and opening-up policies.
It is learned that at present, there are more than 1,800 financial institutions on the Financial Street, with the asset scale reaching RMB 115 trillion, accounting for more than 1/3 of the assets scale of the financial institutions in China.