On the morning of November 9, Beijing Local Financial Supervision and Administration and Tongzhou District Government jointly held the "Promotion Event for Financial Policies in Support of the Integrated National Demonstration Zone for Opening up the Services Sector and the China (Beijing) Pilot Free Trade Zone" at Beijing International Fortune Center in Beijing Municipal Administrative Center, Tongzhou District. More than 100 people were invited to the event, including officials from the People's Bank of China (PBOC), China Banking and Insurance Regulatory Commission (CBIRC), China Securities Regulatory Commission (CSRC), State Administration of Foreign Exchange (SAFE), PBOC Operations Office (Beijing), CBIRC Beijing Office and CSRC Beijing Office, as well as representatives from Chinese and foreign financial institutions, agencies and tech companies.

Leaders from PBOC, CBIRC, CSRC and SAFE introduced and elaborated on the financial policies in support of the "two zones", that is, the integrated national demonstration zone for opening up the services sector and the China (Beijing) pilot free trade zone. Officials from Tongzhou District Government introduced the municipal administrative center's thoughts and measures for promoting financial development by seizing the opportunity of building the "two zones". Representatives from Deutsche Bank, China Export & Credit Insurance Corporation, Toyota Financial Services (China), Mizuho Securities, CCCG Technology and Innovation Co., Ltd. and Pricewaterhouse Coopers (PwC) delivered speeches and held in-depth exchange of views about how to support the building of the "two zones". An official from Beijing Local Financial Supervision and Administration concluded the event by focusing on how to make full use of the innovative policies and produce tangible results. The participants' intense discussions at the event resulted in positive effects.

Under the guidance and support of national financial regulators, Beijing, making full use of its comprehensive advantages in financial regulation, infrastructure, market environment, human resources and specialized services, has proactively undertaken the cause of financial opening-up in recent years and attracted more than 40 foreign-funded financial institutions. As a pacesetter of financial opening-up boasting the largest number of categories and the most comprehensive system, Beijing has become the top destination for foreign financial institutions. Tasked with building the "two zones",  Beijing Municipal Administration Center keeps reinforcing its functions in "wealth management, green finance and Fintech", with the local financial industry continuously enhanced and financial ecology bettered.

The building of the "two zones" is a milestone and the beginning of a new chapter in the capital's financial development history. It involves about 100 measures of financial opening-up and innovation, including relaxing the market access for foreign financial institutions, facilitating them in operating cross-border financial services, promoting cross-border investment and financing, supporting international venture capital (VC), offering personal income tax preference for foreign financial professionals, developing international wealth management and green finance, boosting Fintech innovation, and conducting digital currency experiment. Going forward, Beijing will firmly grasp the opportunity presented by the building of the "two zones", give full play to relevant policies, conduct more experiments and pilot programs and take on its pioneering and demonstrative role, so as to give a stronger impetus to financial opening-up, better serve the real economy, and boost high-quality development in the capital.