On the morning of November 8, the 2023 Annual Conference of the Financial Street Forum, themed “Better China, Better World: Enhancing Financial Openness and Cooperation for Shared Growth and Mutual Benefits”, kicked off in Beijing. Yin Li, member of the Political Bureau of the CPC Central Committee and Secretary of the CPC Beijing Municipal Committee, attended the opening ceremony and delivered a speech. Pan Gongsheng, Governor of the People's Bank of China and Administrator of the State Administration of Foreign Exchange, Li Yunze, Administrator of the National Financial Regulatory Administration, Yi Huiman, Chairman of the China Securities Regulatory Commission, and Fu Hua, President of Xinhua News Agency, delivered keynote speeches. Yin Yong, Deputy Secretary of the CPC Beijing Municipal Committee and Mayor of Beijing, and Li Xiuling, Chairman of the Standing Committee of the Beijing Municipal People's Congress attended the event.

Yin Li said that finance is the lifeblood of the national economy. General Secretary Xi Jinping, in his significant speech at the central financial work conference, answered a series of major theoretical and practical questions concerning financial development, which will undoubtedly have profound implications. China's financial sector is a large market with immense potential and rapid growth, serving as a cornerstone for global financial stability. Beijing, with abundant financial resources, institutions, and talent, is at the forefront of financial reforms in the country. Moving forward, we will thoroughly implement the instructions of the central financial work conference, accelerate the development of a modern financial system with the capital’s characteristics, and create a more open and orderly environment for the financial industry, thereby contributing to high-quality development in the sector.

Yin Li emphasized that Beijing will fully support national financial regulation by improving functions that underpin financial development. In addition to the spatial expansion and layout optimization of the Financial Street, efforts will also be made to deliver top-notch financial services to promote the development of international financial organizations in Beijing. The city aims to enhance the quality and efficiency of financial services in an all-round way to meet the diverse financial needs of the society. More financial resources will be channeled to build a modern industrial system and serve micro, small, and medium enterprises. This will be coupled with advancements in urban and rural development, as well as coordinated development between regions to safeguard and improve people’s wellbeing. Additionally, efforts will be made to improve the multi-level financial market system and promote the growth of the Beijing Stock Exchange. Proactive measures will be taken to deepen financial reform and opening up for higher-quality financial development. In order to develop technology finance, green finance, inclusive finance, pension finance, and digital finance, we will deepen the innovative practices of Zhongguancun Financial Reform Pilot Zone for High-tech Enterprises and China Beijing Green Exchange. Based on the “two zones” development, pioneering efforts will be made to open up Beijing’s financial sector and facilitate cross-border investment and financing. We will safeguard the bottom line of financial security, with ongoing efforts to modernize the financial governance system and capacity. The objective is to foster superior development platforms and create a world-class business environment that will support both domestic and foreign financial institutions, as well as long-term capital, in expanding their operations in Beijing.

Pan Gongsheng delivers a keynote speech

Li Yunze delivers a keynote speech

Yi Huiman delivers a keynote speech

Fu Hua delivers a keynote speech

Yin Yong presides over the forum

Agustín Carstens, General Manager of the Bank for International Settlements, delivered a video keynote speech. Leading officials from relevant central government departments and the Beijing Municipalities, diplomatic envoys, heads of financial institutions and enterprises, experts and scholars, as well as officials from relevant municipal departments and districts of Beijing attended the forum.

Agustín Carstens delivers a video speech