Recently, Yin Yong, Mayor of Beijing, met with Mark Tucker, Group Chairman of HSBC Holdings plc.

Yin said that China is a strong magnet for financial enterprises and institutions from all over the world because of its huge market, enormous growth potential, and abundant opportunities. Beijing is home to national financial decision-making and regulatory institutions, as well as important financial infrastructure platforms, industry associations, and institutional headquarters. In recent years, it has been moving fast to carry out pilot opening-up policies in the financial sector under on the “two zones” initiatives. The city takes the lead in green finance as the largest issuer of green credits and green bonds in the country. The launch of the national trading market for voluntary greenhouse gas emissions reduction in Beijing will facilitate the development of a national carbon market system and help China achieve carbon peaking and carbon neutrality. He hopes that HSBC will give full play to its advantages to deepen mutually beneficial cooperation with Beijing in areas such as green finance, insurance brokerage, investment, and wealth management. Beijing will continue to improve the business environment and support the development of HSBC and other financial institutions in Beijing.

Mr. Tucker highly acclaimed the city’s increasingly beautiful environment and its charm that blends ancient and modern styles, saying that HSBC is willing to expand its investment and presence in Beijing, deepen cooperation in green finance and other areas, support Beijing’s efforts to pursue green, low-carbon, and sustainable development, and propel the economic and trade relations between China and the UK.

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