These measures are formulated to thoroughly study and implement General Secretary Xi Jinping’s important directives on financial work, to align with the functional positioning of the national financial management center, and to accelerate the high-quality development of the modern financial industry in Xicheng District.
I. Making Every Effort to Build Modern Financial Structures That Meet the Requirements of High-Quality Development
Focusing on the high-quality development of the capital’s financial sector, we will continuously optimize the financial institution system and actively support the development of various financial institutions that embody the functions of the national financial management center; we will guide and encourage the clustering of financial institutions, and actively identify and cultivate new growth points for the financial industry. We will encourage and guide financial institutions to thoroughly implement the fundamental principle of serving the real economy, closely align with the needs of the capital’s high-quality economic and social development, optimize the allocation of financial resources, innovate business development models, enhance the quality and efficiency of financial services, and effectively serve the cultivation and development of new productive forces; we will support financial institutions in undertaking major reform tasks and promote high-level financial opening-up.
II. Focusing on Building the Financial Street Capital Market Ecosystem
Actively leverage the functions of the capital market to enhance the quality and efficiency of services to the real economy. Focusing on the capital market’s role in supporting the high-level development of technology enterprises, strengthen full-chain financial services for technology-based enterprises. Provide enterprises with services such as listing, investment and financing, and intellectual property protection. Offer comprehensive support for the growth and expansion of the Beijing Stock Exchange in areas including corporate listings and financing, mergers and acquisitions, and bond issuance, thereby enhancing the capital market’s effectiveness in serving inclusive finance.Support more asset management institutions, securities firms, fund companies, and other entities in conducting business and expanding operations around the Beijing Stock Exchange. Guide technology-based enterprises to make rational use of domestic and international capital markets, and support the listing of technology-based enterprises—particularly those achieving breakthroughs in key core technologies and high-quality enterprises—in the fields of new industries, new business models, and new technologies. Support the development of professional service institutions such as accounting and auditing, legal services, credit rating, asset appraisal, and investment research.
III. Accelerating the Development of an Asset Management Hub
Consolidate the competitive advantage of asset management institutions in clustering and development, actively cultivate high-quality asset management institutions, and improve the diversified asset management institution system. Support foreign financial institutions in establishing wholly-owned or joint-venture asset management institutions, representative offices, and global or regional fund management centers. Support asset management institutions in innovating products and services to enhance the efficiency and quality of asset management. Support the high-quality development of professional asset management institutions established with the approval of national financial regulatory authorities and their local branches, and encourage such institutions to continuously expand their assets under management.Upon application by the institution, reward support will be provided at a rate of 0.02% of the newly added assets under management. Support the steady development of private securities investment funds to facilitate the entry of medium- and long-term capital into the market; guide private equity and venture capital funds to focus on early-stage, small-scale, long-term, and hard technology investments. Upon application by the institution, reward support will be provided at a rate of 0.02% of the newly added fund size or newly paid-in capital. The total annual support and reward funds received by a single institution shall not exceed 10 million yuan.
IV. Solidly Advancing the “Five Major Initiatives” in Finance and Open Development
Financial institutions are encouraged to focus on serving the real economy and, under the principles of marketization and the rule of law, accelerate product and service innovation to effectively implement the “Five Major Initiatives” in finance. Guided by market demand, they should enrich fintech products and services to support Beijing’s accelerated development as an international science and technology innovation hub and to serve high-end, cutting-edge industries as well as the growth of “specialized, refined, distinctive, and innovative” small and medium-sized enterprises; deepen green finance efforts, strengthen the research and development of Environmental, Social, and Governance (ESG) products, and promote low-carbon transformation and development;Continuously improve the capacity and quality of inclusive finance; strengthen targeted innovation in pension finance products to enhance market activity and coverage; deepen the digital transformation of institutions themselves, leveraging technologies such as artificial intelligence to improve the efficiency of financial services. Financial institutions are encouraged to take the lead in piloting open development initiatives, actively providing high-quality financial services for international trade, cross-border investment, and the internationalization of the renminbi, fostering a world-class business environment, actively promoting international exchange and cooperation, and striving to build a pilot zone for national financial reform and opening-up policies to continuously enhance international influence.Based on the actual performance of institutions in serving the “Five Major Financial Initiatives,” fulfilling social responsibilities, participating in the construction of the “Two Zones,” and demonstrating international influence, and following institutional applications and evaluations, a reward of up to 10 million yuan will be granted; the annual total for this reward shall not exceed 300 million yuan.
V. Focusing on Building a Platform to Empower Financial Resources
Consolidate and develop the unique resource advantages of Financial Street, leverage the leading role of finance in optimizing resource allocation, and facilitate efficient connectivity between financial institutions and the real economy. Utilize the integrated service support system comprising the Beijing Financial Street Council for Cooperation and Development, the Financial Street Forum, the Beijing Financial Street Service Bureau, and Beijing Financial Street Service Center Co., Ltd. Deepen the development philosophy of consultation, joint construction, co-governance, and shared benefits to enhance the sustainable development capacity and global competitiveness of the National Financial Management Center.We will thoroughly implement the concept of “China’s Financial Street, the World’s Financial Street,” continuously strengthen the functions of the Financial Street Forum’s “Four Platforms,” and promote exchanges, interactions, and extensive cooperation among institutions, industries, and internationally. We will further develop the “Rongxianghui” financing matchmaking brand event, continuously improve the alignment between financial supply and the real economy, guide financial resources to better support key areas of economic and social development, and strengthen two-way interaction between enterprises and financial institutions.
VI. Focus on Developing Finance-Themed Commercial Buildings
Support various entities in developing “international, specialized, and green” finance-themed commercial buildings, and continuously improve service quality and efficiency.Optimize the supporting service system for these buildings, enhance their quality, and encourage finance-themed commercial buildings to actively participate in the “Partner Program.” This initiative aims to build bridges for communication between the buildings and the government, continuously improve the competitiveness of the building ecosystem, and achieve win-win outcomes through multi-party collaboration. For buildings that demonstrate outstanding performance in service functionality, signature events, and stable development, an annual reward of up to 500,000 yuan will be granted following application and evaluation by the actual operating entity; the total annual budget for this reward shall not exceed 5 million yuan.
VII. Jointly Fostering a First-Class Business Environment
Improve the working mechanism of the grassroots legislative liaison point of the Beijing Financial Street Service Bureau under the Legislative Affairs Commission of the National People’s Congress Standing Committee; support the Beijing Financial Court in serving and safeguarding healthy economic and social development; enhance the quality of specialized financial legal services; and foster a sound financial legal environment. Continuously improve the service level of the “Government + Enterprise” dual-manager model; expand service formats from multiple angles—including creating a first-class environment, optimizing commercial amenities, improving transportation, and ensuring neighborhood safety—to provide high-quality government and market-oriented services to institutions in the district, thereby comprehensively enhancing service quality and efficiency.
VIII. Accelerating the Development of a Financial Talent Hub
Adhering to the guiding principle of “caring for, serving, and empowering talent,” we will improve the service and support mechanisms for key financial professionals. We will strengthen interdepartmental coordination and policy integration to continuously provide more high-quality services to talent, thereby laying a solid foundation for building a world-class hub for financial talent.We will encourage and guide financial institutions to leverage Xicheng District’s service resources to jointly create talent service programs, providing comprehensive support services such as health retreats, medical coverage, talent apartments, health management, education and training, cultural and sports activities, daily transportation, and domestic and lifestyle assistance.
IX. Strengthening the Management of Award Evaluation and Disbursement
Establish and improve the evaluation mechanism. Organize the processes of application, evaluation, submission for approval, and disbursement on an annual or phased basis to ensure seamless coordination and transparency at every stage, and to ensure the scientific, reasonable, and precise use of fiscal funds; professional institutions shall be engaged to assist in the evaluation of policy implementation.
Strictly manage the disbursement of policy benefits. The rewards covered by these measures may be disbursed in the form of funds or services. Any institution applying for the corresponding rewards that submits false materials, violates relevant commitments, or fraudulently obtains policy subsidies shall have its support funds recovered by the relevant departments and be subject to handling in accordance with relevant national laws and regulations; if an institution or its actual controller faces significant risks that may lead to major operational uncertainties, the disbursement of policy benefits shall be suspended;For institutions that have caused major liability incidents in areas such as safety, environmental protection, or social stability, eligibility for policy fulfillment applications shall be suspended or revoked depending on the severity of the incident and the extent of the negative impact on Xicheng District.
X. Supplementary Provisions
These Measures shall be interpreted by the Beijing Financial Street Service Bureau. They shall take effect on the date of issuance and remain valid for three years. The “Notice of the People’s Government of Xicheng District, Beijing and the Beijing Financial Street Service Bureau on Issuing Several Measures to Accelerate the Development of the Modern Financial Industry in Xicheng District, Beijing” (Xixing Guifa [2023] No. 4) is hereby repealed.
