In 2021, Beijing will accelerate the high-level opening-up of finance to the outside world, achieve fruitful results in the construction of international financial center cities, achieve major breakthroughs in the reform and opening-up of the financial industry, and steadily promote the financial construction in key industrial fields. A few days ago, Xinhua news agency and China economic information agency released the “capital financial events in 2021” for the first time.
1. The Beijing Stock Exchange opened the market and created a main position for service innovative small and medium-sized enterprises
The Beijing stock exchange was incorporated on September 3, 2021, and the opening ceremony was held on November 15, 2021. The establishment of the Beijing stock exchange is an important measure to implement the national innovation driven development strategy and continuously cultivate new drivers of development. For Beijing, this is a major strategic opportunity to support the construction of the international science and technology innovation center, improve the function of the national financial management center and promote high-quality economic development.
2. The Beijing Financial court was established in Beijing to further strengthen the guarantee of Judicial Services in the financial field
On March 18, 2021, the Beijing Financial court was officially established. The establishment of Beijing Financial court is an inevitable requirement for implementing the major strategic deployment of the central government. It is of great significance for ensuring the implementation of the national financial strategy and serving the three major tasks of financial work, improving the financial trial system, preventing and resolving systemic financial risks, promoting high-quality economic development, and further improving the international influence and voice of China’s financial justice.
3. Hold a symposium on the city’s financial work to promote the high-quality development of the capital’s financial industry
On December 24, 2021, Beijing held a discussion with “one bank, two sessions and one bureau” and more than 80 Chinese and foreign financial institutions. At the meeting, the leaders of the people’s Bank of China, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission and the State Administration of foreign exchange made speeches, and the main principals of China Development Bank, the Export Import Bank of China, the Agricultural Development Bank, Industrial And Commercial Bank Of China Limited(601398) , CITIC Group and the people’s insurance group of China made speeches to introduce the development in Beijing and put forward opinions and suggestions on promoting the reform and development of Beijing’s financial industry.
4. The construction of “two financial districts” in the capital has accelerated out of Beijing, forming “six batches” of opening-up and innovation achievements
In 2021, 94 of the 102 tasks in the financial field of the “two districts” were completed, 92% were completed, and 52 supporting policies were issued, forming three innovative practice cases replicated and promoted nationwide, including the pilot of equity investment and venture capital share transfer and the pilot of intellectual property insurance, and breakthroughs were made in many key areas. The two-way opening-up level of the financial industry has been continuously improved, and the opening-up and innovation achievements represented by “six batches” have been formed.
5. High standard positioning and forward-looking planning, and the preparation of the 14th five year plan for Beijing’s financial industry has been completed
In 2021, the Beijing Municipal Bureau of local financial supervision and administration meticulously organized and compiled the Beijing financial industry development plan during the 14th Five Year Plan period (hereinafter referred to as the “plan”). Taking the capital’s five-year financial development strategy and challenges as the basis, this paper examines and analyzes the new direction of China’s financial development in the future, and points out the new direction of China’s financial development from a scientific perspective.
6. The financial circles in the capital carried out in-depth study and education of party history and a series of celebrations, and embarked on the new journey of the second century in high spirits
In order to warmly celebrate the 100th anniversary of the founding of the party, the financial circles in the capital have carried out in-depth study and education on party history, promoted business with Party construction, strengthened party construction with business, organically integrated party construction with business, constantly burst out work enthusiasm and initiative, and continuously enhanced combat effectiveness and cohesion.
7. The opening of finance to the outside world was further accelerated, and a number of landmark heavyweight Chinese and foreign financial institutions landed in Beijing
In 2021, the capital’s financial industry continued to gather high-quality financial institution resources, landing 49 Chinese and foreign financial institutions, including 17 foreign financial institutions, and the energy level of the national financial management center was further improved. The three insurance alternative investment asset management companies have gathered in Beijing. Nine central enterprises have successively set up new industrial capital investment companies in Beijing. Beijing has become the first choice for Chinese and foreign financial institutions to land and exhibition.
8. Integrate into the overall situation of China’s opening to the outside world, and the special exhibition on financial services of the service trade fair promotes the two-way interaction between Chinese and foreign trade
From September 3 to 7, 2021, the special exhibition of financial services of China International Trade in services Fair was held in Shougang Park, Beijing. The special exhibition on financial services focused on a number of achievements of China’s financial industry’s opening to the outside world and released a positive signal of China’s firm promotion of economic globalization and deepening international economic and trade cooperation.
9. The 2021 Financial Street Holdings Co.Ltd(000402) forum annual meeting was successfully held. During the meeting of global systemically important financial institutions, the Beijing Initiative for climate friendly banks was released
From October 20 to 22, 2021, the 2021 Financial Street Holdings Co.Ltd(000402) forum annual meeting with the theme of “economic resilience and finance” was held in Beijing. More than 400 heavyweight guests from around the world held extensive discussions on the hot topics of building a “double cycle” new development pattern, releasing the positive signal of China’s strong economic resilience and exchanging effective ways for the high-quality development of financial services, Promote in-depth global financial exchanges and cooperation. The groundbreaking meeting of global systemically important financial institutions held during the annual meeting of 2020 Financial Street Holdings Co.Ltd(000402) forum continued to be held on October 21 as an important special event of 2021 Financial Street Holdings Co.Ltd(000402) forum. The meeting released the Beijing Initiative of climate friendly bank.
10. Lead the development of financial science and technology innovation demonstration, and accelerate the construction of a global financial science and technology innovation center
In 2021, the development of financial science and technology in Beijing will be fruitful and bright. The people’s Bank of China has released 3 batches of 22 projects in the pilot work of financial science and technology innovation supervision, and 3 projects have completed the whole process test, taking the lead in “out of the box”; The pilot of financial science and technology innovation in capital market was first carried out in Beijing, and the first batch of 16 projects were publicized into the box. Focusing on the Winter Olympics and the construction of international consumption center cities, the pilot of full scene application of digital RMB has been comprehensively promoted. By the end of 2021, the city has opened more than 12 million digital RMB personal money bags, more than 1.3 million corporate wallets and a transaction amount of 9.6 billion yuan.
11. The development of green finance is leading in China, and the construction of global green finance and sustainable financial center has been accelerated
In 2021, the development of green finance in Beijing will be comprehensively deepened. Throughout the year, the scale of green bonds issued by non-financial enterprises (including central enterprises) in Beijing reached 212.687 billion yuan, an increase of 7.2 times over the same period of last year, ranking first in China, and the scale of “carbon neutral bonds” issued reached 140.605 billion yuan. The scale of green bonds issued by financial institutions in Beijing reached 72.8 billion yuan, an increase of 3.93 times over the same period last year.
12. The financial development of urban sub centers continues to accelerate, and high-quality development adds new momentum
On November 26, 2021, the State Council issued the opinions on supporting the high-quality development of Beijing Urban sub center, which made it clear that the urban sub center should improve the function of financial and business services. In 2021, there were more than 300 licensed and regulatory approved financial enterprises registered in the urban sub center, more than half of the banking institutions were newly established or upgraded to corporate banks or tier 1 and tier 2 branches, and the construction of important bearing areas of global wealth management center, green finance international center and financial science and technology innovation center was steadily promoted.
13. Beijing launched the “four in one” financial supermarket, with the best financial and credit business environment in China
In 2021, Beijing will vigorously develop Inclusive Finance, innovate financial services and continue to solve the development problems of small and micro enterprises.
The functions of Beijing loan service center have been comprehensively upgraded, integrating the functions of first loan, renewal loan, right confirmation financing and intellectual property pledge financing, and building a new pattern of “four in one” small and micro financial services. In the national business environment assessment, Beijing’s financial and credit business environment is leading in the country, the financing environment of small and micro enterprises has been further improved, and the development of Inclusive Finance has achieved remarkable results.
14. The brand activity of “Changrong project” continued to deepen, and efficiently and accurately assisted the connection between banks and enterprises
In 2021, Beijing Changrong project will continue to carry out financing docking activities by giving full play to the advantages of professional and accurate services through offline docking, online live broadcasting, online and offline combination and other forms, such as ex ante exploration, set-up service, efficient docking and post tracking. Since its launch in 2019, 190 financing docking activities have been held, serving more than 3600 financial institutions and more than 7900 docking enterprises.
15. The scale of direct financing reached a record high, and a large number of innovative enterprises landed in the capital market
In 2021, Beijing took multiple measures to promote high-quality enterprises to enter the capital market for financing, and the scale of direct financing reached a record high. Reserve the list of listed backup enterprises, provide service housekeepers for key enterprises to be listed, and promote the circular development of enterprise listing by echelon and industry. In the whole year, 47 domestic listed enterprises (including 11 of the Beijing stock exchange) were added, with a year-on-year increase of 12%, and 32 overseas listed enterprises (including secondary listing). By the end of 2021, there were 424 domestic listed enterprises in Beijing and 321 overseas listed enterprises (including repeated listing), with initial financing of 183.664 billion yuan.
16. With the promulgation and implementation of the regulations of Beijing Municipality on local financial supervision and administration, local financial supervision has entered the track of legalization
On April 16, 2021, the 30th meeting of the Standing Committee of the 15th Beijing Municipal People’s Congress deliberated and adopted the regulations of Beijing Municipality on local financial supervision and Administration (hereinafter referred to as the “Regulations”), which shall enter into force as of July 1, 2021. As the first local financial regulation in Beijing, the regulation systematically summarizes the rich practical experience and theoretical cognition of the capital’s financial innovation and development, strengthening financial supervision and preventing and dealing with financial risks in recent years. It is an important achievement of Beijing’s financial work under the new situation.
17. Beijing, Tianjin and Hebei jointly build the country’s first Internet-based enterprise related credit information credit chain platform
On July 8, 2021, the business management department of the people’s Bank of China, together with Beijing Municipal Bureau of local financial supervision and administration and Beijing Municipal Bureau of economy and information technology, jointly launched the construction of “Beijing Tianjin Hebei credit investigation chain” in Shijiazhuang. The construction of “Beijing Tianjin Hebei credit investigation chain” will give full play to its late development advantages, take “Chang’an chain” as the underlying technical platform, and safely and efficiently realize cross agency, cross industry and cross regional information interconnection and multi-party data fusion applications through the way of “data availability and invisibility”, so as to build the country’s first Internet-based enterprise credit information investigation chain platform.
18. The first provincial prepayment information management platform was established in Beijing to effectively ensure the safety of consumers’ prepayment funds
On June 18, 2021, as the first provincial prepayment information management platform in China, Beijing prepayment information management platform was officially put into operation.
19. Continue to deepen the education of financial investors and effectively improve the risk prevention ability of financial consumers
In 2021, Beijing local financial supervision and administration and Beijing TV station jointly continued to carry out a series of financial security publicity and education activities of “bee plan”. Throughout the year, more than 250 programs were produced, and more than 60 offline activities were carried out in communities, campuses and enterprises, covering more than 1 million community residents. New media short videos and live broadcasts were broadcast more than 50 million times, popularizing financial security knowledge for citizens and reminding them of financial risks.
20. Promote the construction of “two districts”, accelerate the flow of talent elements, and establish the whole process service system of international financial talents in the capital
The Beijing Municipal Bureau of local financial supervision and administration, together with the Municipal Bureau of talents, the exit Entry Administration of the Municipal Public Security Bureau and the Municipal Overseas Students Center, has strengthened their work coordination, established a working mechanism for the joint handling of work permits and work residence permits for foreigners, continuously improved the service level of exit and entry management of foreign high-level financial talents, and improved the convenience service experience of foreign financial talents.
