On September 27, reporters learned that significant advancements have been made in attracting investment to the “two zones”, injecting robust momentum into the high-quality development of the capital’s economy, during the special session of the Beijing “two zones”, which was part of the series of thematic press conferences titled “Celebrating the 75th Anniversary of the Founding of the People’s Republic of China”. From January to August of this year, nearly 7,000 new projects were added to the investment attraction project pool of the “two zones”, with over 4,000 projects successfully implemented, involving more than 1.2 trillion yuan in total.
Tang Yonghong, Member of the Party Leadership Group and Deputy Director of Beijing Investment Promotion Service Center, stated that since the launch of the “two zones” initiative, around 30,000 projects have been included in the project pool, with approximately 20,000 projects successfully implemented, totaling nearly 4 trillion yuan in investment. Among them, nearly 2,000 foreign-funded projects with a value exceeding 60 billion dollars have been successfully carried out. These figures underscore the impressive accomplishments of the “two zones” in attracting investment and showcase Beijing’s strong appeal as a global metropolis.
From January to August of this year, Beijing secured 197 large domestic projects, each with an investment exceeding 1 billion yuan, amounting to a funded capital of over 900 billion yuan. Additionally, 41 significant foreign-funded projects were launched, each with an investment of more than 50 million dollars, amounting to over 12 billion dollars in utilized foreign capital. A number of landmark projects have been completed, bolstering Beijing’s international competitiveness. These include Standard Chartered Securities, the inaugural wholly foreign-owned securities company in China; Caterpillar (Beijing) Commercial Factoring Co., the first foreign-invested commercial factoring firm in Beijing; an international consulting company funded by the Public Investment Fund of Saudi Arabia, the largest sovereign wealth fund globally; as well as the China headquarters of Steinbeis’s technical management, a world renowned technology transfer institution.
Beijing’s investment attraction “circle of friends” is constantly expanding, attracting a diverse range of international high-end resources. Earlier this year, the Beijing Investment Promotion Service Center officially joined the World Association of Investment Promotion Agencies (WAIPA), marking a significant milestone in Beijing’s efforts to diversify its investment channels. Leveraging this opportunity, the two organizations have collaborated and forged connections among member organizations, drawing insights from leading global institutions to further broaden avenues for investment and cooperation.
