Bejing's Xicheng district plans to recruit more than 2,000 professionals in the finance and fin-tech industry in the next three years, a senior district official said at a panel discussion during the 2020 Annual Conference of the Financial Street Forum.

The district is home to the Financial Street, known as China's Wall Street. In recent years, it has introduced new policies and institutional reforms on human resources in order to attract elite professionals in the financial services and financial technology industries.

Since last year, the district has issued over 1,500 work and residence permits to finance professionals, and offered over 5,000 units of government-subsidized housing as well as financial incentives of up to 200 million yuan (US$29.9 million).

Officials said more policy support will be given to financial institutions that are drawing more elite talents in the fields of risk management and standard setting.

According to reports, there are around 243,700 finance professionals working in nearly 1,900 financial institutions Xicheng district. These institutions have a total asset worth up to 113.6 trillion yuan.

Officials announced that Xicheng will also pool together high quality resources to provide efficient medical care, education, and housing services to top finance professionals living and working in the district.

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