The 2020 Financial Street Forum Annual Conference closed. About 300 speakers from around the world discussed financial cooperation and reform under the changing global situation.
Online hits exceeded 400 million on the closing of the Financial Street Forum Annual Conference
Approximately 300 guests from all over the world discussed "Financial Cooperation and Reform under Global Change", 3,500 people participated offline; four ministries issued a series of related supporting policies
Yesterday, the 2020 Financial Street Forum Annual Meeting closed.
Beijing News reporter Wu Jiang
On October 23, the three-day 2020 Financial Street Forum Annual Meeting concluded.
At the closing ceremony, Yin Yong, member of the Standing Committee of the Beijing Municipal Party Committee and Deputy Mayor, said that the annual meeting of the forum fully demonstrated China’s financial persistence in reform and opening up and the fruitful results of development, and demonstrated China’s contribution to the recovery and development of the world economy under the epidemic. Strength and responsibility, this will definitely have a positive impact on China and the global economic and financial development.
Yin Yong introduced that about 300 speakers from all over the world discussed financial cooperation and reforms under global change. 3,500 people participated in the conference offline, and the number of online hits exceeded 400 million.
The annual meeting of the forum fully demonstrated China's financial persistence in reform and opening up and the fruitful results of development, and demonstrated China's strength and responsibility to promote the recovery and development of the world economy under the epidemic.
The financial demand for technology is basically in Beijing
Talking about the consideration of the construction of Beijing's financial technology and professional service innovation demonstration zone, Yin Yong said that Beijing is a national financial management center and has gathered abundant financial resources. Financial assets account for about 45% of the country. The headquarters of all important financial institutions may gather The functional institutions of the form are all located in Beijing, so the financial demand for technology is basically in Beijing.
On the other hand, Beijing is also the national science and technology innovation center, playing a prominent leading role in the national science and technology innovation system.
Yin Yong revealed that in the past two years, Jinke New District has achieved remarkable results. Beijing took the lead in issuing the first financial technology development plan in the country and promulgated the "Jinke Ten" and other supporting policies.
The core area has also been opened. A total of 600,000 square meters of commercial buildings around Xizhimenwai Street, where the two districts are handed over, have begun to receive enterprises. At the end of this year, the Jinke New District's iconic building New Power Financial Technology Center (formerly "Sida Building") will Officially opened, the quality improvement of the core area (zoo wholesale market area) was completed by the end of the year.
Further do a good job in the "supervision sandbox"
Yin Yong said that Jinke New District occupies an important position in the construction of the "two districts". In the next stage, it is necessary to grasp the advantages of policy integration between the two districts, play a leading role in the construction and development of Jinke New District, and continue to improve service capabilities and environmental construction. We must also do a good job in talent services, including talent use, training, and guarantee, expand the application scenarios of financial technology, strengthen the research and development of the underlying technology of financial technology, and do a good job in risk prevention for development.
The key position of these construction content is to further improve the supervision sandbox work. There are five ideas for follow-up construction: First, the in-box mechanism of the supervision sandbox will be further developed in a more market-oriented and inclusive direction. New models and new technologies provide opportunities for growth; second, the participants in the box should be richer and more two-way, and foreign-funded institutions should be encouraged to participate. The participants are currently dominated by financial institutions, and will focus on technology companies in the next stage; third, further expansion The sandbox expansion mechanism increases the flexibility of the mechanism, and gradually expands the basic management system delineated by physical space to the service field. Fourth, the effect of the pilot evaluation is more closely linked with the improvement of industry access and regulatory rules. To make the pilot work more effective. Fifth, to strengthen international cooperation and actively support and encourage enterprises in the region to participate in the formulation of international standards and rules.
■ Follow
Four ministries support Beijing's "two districts" and "four centers"
"2020 Financial Street Forum Annual Meeting" policy release event, the central bank and other four ministries and commissions released relevant support policies
On October 23, four ministries and commissions including the People’s Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission and State Administration of Foreign Exchange jointly organized a special event for the policy release of the “2020 Financial Street Forum Annual Conference” to release support for the construction of Beijing’s “two districts” and “four centers”. Policies related to high-quality economic development.
Central Bank: Accelerate the creation of a pioneer zone for the expansion of the service industry
At the meeting, Mo Wangui, deputy director of the Financial Research Institute of the People's Bank of China, expressed support for Beijing's construction of a pilot free trade zone and a comprehensive demonstration zone for the expansion of the national service industry.
In the next step, the People's Bank of China will continue to promote the implementation of relevant financial policies in the two regions, accelerate the creation of a pioneering zone for the expansion and opening of the service industry, a digital economy pilot zone, and strive to build a high-level opening-up platform for the coordinated development of Beijing-Tianjin-Hebei, and support Beijing to expand the opening up of the financial sector , Allowing banks in the region to issue overseas RMB loans for offshore institutions’ RMB bank settlement accounts, that is, NRA accounts, conduct a prudent and orderly pilot financial integration operation, support social capital to establish and lead the operation of RMB international investment and loan funds in Beijing, and support Beijing to strengthen financial services In the real economy, it is allowed to carry out physical assets, equity transfers, capital increase and share expansion, and cross-border transactions through the Beijing Equity Exchange and other laws and regulations, support Beijing to improve its open economic risk prevention system, and strengthen anti-money laundering, anti-terrorist organizations and anti-tax evasion work , Continuously improve financial risk prevention and control capabilities, and support Beijing to explore new paths for coordinated development of Beijing, Tianjin and Hebei.
China Banking and Insurance Regulatory Commission: Support auto finance companies in the Pilot Free Trade Zone
At the meeting, Ms. Liang Ling, the first-level inspector of the Laws and Regulations Department of the China Banking and Insurance Regulatory Commission, said that since the beginning of this year, the China Banking and Insurance Regulatory Commission has vigorously promoted the opening of the banking and insurance industries in Beijing, and actively guided the banking and insurance institutions to help Beijing The development of modern service industry and the construction of free trade zones provide high-quality financial services.
First of all, it participated in the formulation of the work plan for deepening the new round of comprehensive pilot projects for expanding the opening of the service industry in Beijing, and further optimizing the regulatory rules and improving the supporting policies.
At the same time, she said that the China Banking and Insurance Regulatory Commission actively cooperated in the study and formulation of the overall plan for the Beijing Free Trade Zone to further deepen the reform and opening up of Beijing's financial sector.
At the same time, Liang Ling mentioned the need to support auto finance companies in the Pilot Free Trade Zone to carry out cross-border financing and apply for the qualification of part-time insurance agency under the premise of compliance with laws and regulations.
China Securities Regulatory Commission: Deepening the reform of the New Third Board
China Securities Regulatory Commission spokesperson Gao Li said that this year the China Securities Regulatory Commission will support the construction of Beijing’s "two districts" in the capital market.
Since the end of last year, the China Securities Regulatory Commission has initiated a new round of NEEQ reforms, including a series of innovative measures such as establishing a selection layer, introducing a public offering system, optimizing investor suitability arrangements, and establishing a transfer listing system to support public funds’ compliance with laws and regulations Participate in stock investment in selected layers.
On July 27, the selection layer operated smoothly after the market opened, the basic system of the New Third Board was further improved, the financing and transaction functions were more effective, the ability to serve small and medium enterprises was further improved, and the market vitality was further enhanced.
In supporting Beijing to improve the factor market system, the "China (Beijing) Pilot Free Trade Zone Overall Plan" clearly proposes to explore reform measures such as the development of green bond and equity investment and financing businesses, and the establishment of the Beijing Intellectual Property Trading Center. The China Securities Regulatory Commission actively cooperates to promote related work .
At present, the Beijing Green Exchange has been renamed and moved to Tongzhou Sub-center; China Technology Property Exchange has added the brand of Beijing Intellectual Property Exchange Center, and is exploring cooperation with the Shanghai and Shenzhen Stock Exchanges to develop intellectual property securitization business.
SAFE: Support the facilitation of foreign exchange receipts and payments in cross-border trade
State Administration of Foreign Exchange Ding Zhijie expressed support for the facilitation of foreign exchange receipts and payments in cross-border trade in the Beijing Free Trade Zone.
Support qualified foreign trade comprehensive service companies to provide comprehensive foreign exchange services for trade in goods for cross-border e-commerce.
Research and explore the on-site foreign exchange settlement model for cross-border transfer of physical assets to improve the efficiency of foreign exchange fund settlement.
In addition, it provides support for talent employment, including facilitating the settlement of foreign exchange for overseas employees of Chinese-funded institutions in Beijing, and facilitating the purchase and settlement of foreign exchange for overseas high-end talents for personal support payments and accompanying children.
In terms of foreign debt, the "Detailed Rules for the Implementation of the Pilot Foreign Debt Facilitation of the Zhongguancun National Independent Innovation Demonstration Zone" was released, and qualified high-tech enterprises in the zone can enjoy a foreign debt facilitation quota of US$5 million.
On this basis, the foreign debt facilitation quota of non-financial enterprises in Haidian Park has also been increased from 5 million U.S. dollars to 10 million U.S. dollars.
Up to now, 19 high-tech enterprises have enjoyed policy dividends.
Beijing News reporter Gu Zhijuan Cheng Weimiao Xiao Wei Zhang Shuxin Li Yunqi