Financial Circle Network September 4 news The "2021 China International Finance Annual Forum" co-sponsored by the Beijing Municipal Financial Supervision and Administration Bureau, the People's Government of Shijingshan District of Beijing Municipality and the People's Government of Xicheng District of Beijing was held in Beijing on September 4, 2021, with the theme of "Green Beijing, Open Finance". Yin Yong, member of the Standing Committee of the Beijing Municipal Party Committee and vice mayor, attended the forum and delivered a speech.
Yin Yong said that the financial industry is an important part of global trade in services and a key area for the opening up of China's service industry. Over the past year, with the guidance and support of the national financial management department, Beijing has made full use of the development opportunities of the opening up of the national financial industry and the policy dividends released by the construction of the two regions, and has made positive progress in financial market access, capital market opening, financial institutions obtaining business qualifications, financial technology innovation, and optimizing the business environment.
Yin Yong said that during the 14th Five-Year Plan period, Beijing will take the lead in exploring an effective path to build a new development pattern, with the goal of serving the construction of a financial system that matches the functions of the capital, and promoting higher quality, safer and more sustainable financial development with a higher level of financial openness.
The first is to enhance the energy level of the national financial management center, optimize and enhance the core functions of capital finance such as decision-making supervision, asset control, payment and settlement, information release, standard formulation, and international exchanges, better serve and ensure the implementation of major national financial strategies and policies, support the layout of important infrastructure in Beijing, support the headquarters of major financial institutions to improve their functions, attract international financial institutions to develop in Beijing, and build a diversified and win-win international financial cooperation governance platform.
The second is to create a new highland for two-way financial opening-up. Taking the construction of the two regions as the pilot test platform, actively undertake the achievements of the country's financial reform and opening up, build a highland of institutional opening up, create an open and fair competition market environment for domestic and foreign financial institutions, further make good use of cross-border financial pilot tools such as QFLP and QDLP RMB international investment and loan funds, enhance global asset management and cross-border investment and financing service capabilities, build a platform for financial institutions to participate in the "Belt and Road" financial cooperation, and build a global wealth management center.
The third is to speed up the improvement of the financial market system in the capital. The establishment of the Beijing Stock Exchange is a major strategic decision and deployment made by the Party Central Committee, and it is of great significance to strengthen the financial functions of the capital. In the next step, we will actively cooperate with the preparations for the establishment of the Beijing Stock Exchange, strive to put it into operation as soon as possible, and build a stock exchange featuring serving innovative small and medium-sized enterprises. At the same time, we will strengthen the effective connection between the Beijing Stock Exchange and regional equity markets and private equity share transfer platforms, and further improve our multi-level capital market system.
The fourth is to consolidate and enhance the leading edge of digital finance. In accordance with the target requirements of the global digital economy benchmark city, continue to deepen the digital yuan, financial technology innovation supervision and other pilots, create a convenient digital payment environment for the Beijing Winter Olympics, support the digital transformation of the financial services industry, give full play to Beijing's advantages in the underlying technology fields such as blockchain and multi-party secure computing, cultivate a number of digital finance leaders, build a digital financial industry cluster, and build a world-leading digital financial system. Further promote the Beijing International Big Data Exchange to better play its functions, provide various solutions for data registration and confirmation and transaction circulation, and build a leading data trading infrastructure and an internationally important cross-border data circulation hub.
The fifth is to build an international center for green finance, serve the goal of carbon neutrality at peak carbon, improve the green financial service system and functional layout, promote the preparation of an international market-oriented carbon financial institution, build a national green exchange at a high level, and undertake the construction of a national voluntary emission reduction and other carbon trading centers, so as to contribute to China's green financial development and global response to climate change. Explore innovations such as cross-border green asset trading and green asset securitization, so that Beijing will become a central node in global green bond issuance, actively participate in global green financial governance, and create more international green financial exchange and cooperation platforms.
The sixth is to continue to optimize the world-class financial business environment, give play to the role of the Beijing Loan Service Center, improve the policy system of financial services for private small and micro enterprises, further strengthen the service guarantee for financial institutions and high-end talents through the service butler service package mechanism, give full play to the leading role of the Beijing Financial Court in the financial legal environment, enhance the level of internationalization and specialization of financial justice, improve the financial risk monitoring and early warning mechanism, enhance the risk prevention and resolution capabilities in the open environment, and maintain the financial security of the capital.
This article originated from the Financial Circle Network
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