Zhongxin Finance, May 28. According to the website of the Beijing Municipal Local Financial Supervision and Administration Bureau on the 27th, recently, the Beijing Municipal Local Financial Supervision and Administration Bureau, the Business Management Department of the People's Bank of China, the Beijing Regulatory Bureau of the China Banking and Insurance Regulatory Commission and the China Securities Regulatory Commission. The Beijing Bureau of Supervision and Administration jointly issued the "Opinions on Promoting the Construction of Beijing's Global Wealth Management Center" to support qualified foreign institutions to carry out securities, funds, wealth management, pension management, insurance assets in Beijing through sole proprietorship, joint venture and other forms in accordance with laws and regulations management, etc.
The opinion proposes that by 2023, a group of high-quality wealth management institutions and talents will be cultivated, the types of wealth management products will continue to be enriched, the capabilities of wealth management services will continue to be optimized, and the level of wealth management development will be significantly improved.
By 2025, a global wealth management center with a sound wealth management legal system, a standardized and orderly market, and a relatively large international influence will be basically established.
Opinions put forward to support foreign-funded institutions to expand development space.
Support foreign financial institutions to actively introduce advanced international experience in asset management, investment management, pension management, risk management, etc., participate in the capital's financial reform and innovation, and enrich the capital's financial products and services.
Support foreign insurance asset management companies to engage in the entrusted management of overseas investment of insurance funds.
Support foreign institutions to obtain more business qualifications, deeply participate in the domestic financial market, and conduct stock, bond, foreign exchange, fund, gold and inter-bank market transactions.
The opinion also proposes to continue to deepen the pilot of open innovation.
Support Qualified Foreign Institutional Investors (QFII) and Renminbi Qualified Foreign Institutional Investors (RQFII) to conduct domestic securities investment business and participate in transactions on the Beijing Stock Exchange.
Support high-quality institutions and enterprises to apply for becoming Qualified Domestic Institutional Investors (QDII) and carry out overseas securities investment business.
In-depth implementation of the pilot program of domestic investment by qualified foreign limited partners (QFLP) and overseas investment by qualified domestic limited partners (QDLP).
Promote insurance funds and qualified sovereign wealth funds and other long-term domestic and foreign funds into the market in accordance with laws and regulations.
The opinions are clear to promote the interconnection of domestic and foreign markets.
The pilot program of integrated domestic and foreign currency accounts and the pilot program of integrated domestic and foreign currency business were carried out in depth.
Expand the pilot scope of the integrated cross-border capital pool of domestic and foreign currencies, and include more qualified multinational companies in the pilot program.
Support financial institutions in Beijing to innovate cross-border RMB financial products, give full play to the role of RMB international investment and loan funds, carry out RMB overseas direct investment and other businesses, and help Chinese enterprises "go global" and participate in the joint construction of the "Belt and Road".
Carry out green bond and green equity investment and financing business in accordance with laws and regulations, and support the financing development of relevant enterprises.