Yin Yong, Mayor of Beijing, met with Warburg Pincus's CEO Chip Kaye and his colleagues on the afternoon of March 23.

After extending his welcome, Yin said that Beijing is working to accelerate the overall economic turnaround and high-quality growth by focusing on the strategic position of Beijing as the "four centers" and incorporating the "five key initiatives" into the new development paradigm. To boost high-quality development of the financial industry, the largest sector in Beijing, we encourage green finance and fintech innovation through higher-level opening-up based on the "two zones" development, as well as the ever-improving system of multi-level capital market. We expect Warburg Pincus, a world-leading investment institution, to get deeply involved in the greater openness of Beijing's financial industry and share the opportunities arising from the city's development. We will continue to improve our services for enterprises and create a world-class business environment for their development in Beijing.

Mr. Kaye commended Beijing's achievements in the reform and opening-up of its financial sector in recent years and expressed willingness to support the sector's quality development through intensified exchanges and cooperation with Beijing.

Mu Peng, Secretary-General of the People's Government of Beijing Municipality, attended the meeting.

(Written by: Fan Junsheng)