Beijing initiates 44% of financial tasks to open service sector

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Beijing has initiated 44% (45 out of 102) of its financial tasks for constructing the pilot free trade zone and the national integrated demonstration zone for expanding opening up of its service sector, a municipal official said on Thursday.

According to Wang Ying, deputy head of the Beijing Local Financial Supervision and Administration, the tasks focus on key areas such as digital RMB, equity investment, and cross-border financial services.

The city has established an overall mechanism to coordinate and push forward the tasks. So far, it has made major headway in the accreditation of international financial practitioners, and led in the reform and opening up of the financial sector across the nation.

Now, Beijing is cultivating growth by working on areas including wealth management, financial technology, green finance, and finance for scientific innovation.

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