Beijing's Financial Street, dubbed "China's Wall Street," has solidified its status as a financial powerhouse, housing over 1,900 financial institutions by 2022. This includes 175 corporate headquarters and 16 Fortune Global 500 companies, according to the “2023 Financial Street Development Report” released Thursday at the Financial Street Forum.

These institutions span various sectors, including banking, securities, and insurance, and have numerous financial infrastructure facilities, such as bond issuance and payment settlement systems, according to the report.

The district's business structure has continued to optimize, with an impressive intake of 48 new financial organizations in 2022 alone, including the infrastructure investment funds of China Development Bank and the Export-Import Bank of China, as well as China Securities Finance Corporation Limited. This has led to an annual record increase in registered capital by 247.18 billion yuan ($33.91 billion).

By the end of 2022, the total assets of financial institutions in the area had reached 138.7 trillion yuan, accounting for one-third of the national financial assets, according to the report. 

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