China News Agency, Beijing, October 22 (Reporter Du Yan) About 3 kilometers west of Tiananmen Square, it is the Beijing Financial Street on the east side of the West Second Ring Road and adjacent to Chang'an Avenue.

Nowadays, it has developed into a national financial management center, and it is undertaking financial reform and opening up tasks in an all-round way, helping Beijing build a new highland of global opening up and a new world financial coordinate.

  Time flies, the stars move around.

The Metropolis of Yuan Dynasty was built in the Yuan Dynasty, with 50 workshops in it, and Jincheng Square is within it, which is a bustling commercial and financial center.

  Reform and opening up are the strongest voice and power source for the development of Financial Street.

In 1992, Beijing’s Xicheng District reported to the Beijing Municipal Committee of the CPC to approve the "Request for Resuming the Development and Construction of the East Side of the West Second Ring Road (Financial Street)", which opened the prelude to the construction of the Financial Street.

  The Financial Stability and Development Commission of the State Council, the People’s Bank of China, the China Securities Regulatory Commission, the China Banking and Insurance Regulatory Commission, the State Administration of Foreign Exchange and other national financial management departments are located on Financial Street. Large financial institutions such as Morgan Stanley, UBS, and MasterCard are located on Financial Street... …In the past 30 years of development, from the Bank of China Building on the Fuchengmen Overpass in the north to the People’s Bank of China Headquarters at the Fuxingmen Overpass in the south, within a range of more than 1,700 meters in length and 600 meters in width, the rise of a rich era With characteristic modern buildings, Financial Street has become China's most influential financial center and a national financial management center.

  At the ongoing 2021 Financial Street Forum annual meeting, the "Financial Street Development Report (2021)" was released and pointed out that by the end of 2020, Financial Street has gathered nearly 1,900 financial institutions of various types, 175 headquarter companies, and assets of financial institutions in the region. The scale reached 116.2 trillion yuan (RMB, the same below), accounting for more than one-third of China's financial assets.

  In recent years, the financial industry has become the first pillar industry that drives Beijing’s economic growth and fiscal revenue growth.

In the first year of the "14th Five-Year Plan", Beijing has promoted the construction of a comprehensive demonstration zone for the expansion and opening of the national service industry with high standards, and the construction of the China (Beijing) Pilot Free Trade Zone (referred to as the "Two Zones"), opening a new chapter in the development of the capital's financial industry .

  The new crown pneumonia epidemic in 2020 failed to prevent the implementation of financial liberalization measures.

In Beijing’s “two districts” construction tasks, 102 open and innovative measures were involved in the financial sector, including the opening of financial markets, cross-border capital flows, and facilitation of investment and financing.

  Since the construction of the "two districts" one year, the newly-increased registered capital of Financial Street is 31.916 billion yuan, more than 50% of which are emerging financial formats, and the financial ecosystem is increasingly enriched; a number of important institutions have demonstrated their leading role, including the Beijing Stock Exchange and Daiwa Securities, China Galaxy Assets, Beijing Financial Court and other projects.

  Financial Street ushered in a new period of historical opportunity.

The Beijing Financial Technology and Professional Service Innovation Demonstration Zone (“Jinke New District”), the first national-level financial technology demonstration zone in China, which is about 5 kilometers away, forms a “one street, one district” linkage to serve the financial technology innovation supervision pilot.

  Since its establishment in 2018, the "Jinke New District" has taken the lead in launching the Chinese version of the "Regulatory Sandbox" pilot, and has attracted a number of financial technology companies to settle in, and is striving to become the core engine leading the innovation of international financial technology and professional services.

  Starting from Financial Street to the southwest, you can drive about 7 kilometers to the Lize Financial Business District, which is the last large-scale concentrated construction area along the West Second Ring Road in Beijing.

In accordance with the functional positioning of "the capital's financial reform pilot zone and the emerging financial industry cluster", Lize Financial Business District plays a demonstrative role in digital financial innovation and development, and strives to become a new financial development zone with global influence.

  Beijing proposed to build a benchmark city for the global digital economy.

In Lize Financial Business District, the digital renminbi pilot has been steadily advanced, covering offline consumption scenarios such as catering and shopping, tourism consumption, and green consumption, and pioneering application scenarios in multiple fields have been rolled out one after another.

  Data show that in 2020, Beijing's financial industry will achieve an added value of 718.8 billion yuan, an increase of 5.4% year-on-year, accounting for 19.8% of the region's GDP.

In the first half of 2021, Beijing's financial industry achieved an added value of 369.8 billion yuan, accounting for more than 19% of the region's GDP.

  Standing on the streets of Financial Street, there are many tall buildings.

Under the shade of green trees, a Yuan Dynasty City God Temple with blue bricks and gold tiles flies over its eaves, telling the story of the past and present of Financial Street.

This is not only Beijing’s Financial Street, but also China’s Financial Street.

  Beijing is relying on the construction of the "two districts", taking the establishment of the Beijing Stock Exchange as an opportunity, and is committed to supporting the world with the best business environment, the best cooperation platform, the best policy system, and the best service mechanism. The development of professional financial institutions, and strive to create a new highland of global openness and a new world financial coordinate with Financial Street, "Jinke New District", and Lize Financial Business District as the main positions.

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