The Beijing Financial Development Index rose to 2,553.59 points from its baseline of 1,000 in 2010, up 8.64 percent from 2016, according to the 2017 Beijing Financial Development Index jointly released by the Beijing Financial Development Promotion Center and Peking University on July 25. 

This growth came after the city's financial industry has comprehensively implemented the central government's three tasks of "serving the real economy, preventing and controlling financial risks, and deepening financial reform."

Many indicators concerning the city's financial services, social credit, financial talent, and financial awareness rank first in China. The Index of the 2017 China City Business Credit Examination Report showed that Beijing has topped the rankings for five consecutive years. In 2017, the number of financial employees in Beijing exceeded 500,000, remaining most in the country; the indicators of insurance are still firsts in the country, and closing the gaps between Beijing and other major international cities.

The 2017 Beijing Financial Development Index consists of four first-level indicators, 38 second-level indicators, 82 third-level indicators and 107 fourth-level indicators. Among them, the first-class indicators measure the city's financial institutions, financial markets, financial innovation and financial ecological environment, and the four sets of data combine to depict the development of Beijing's financial industry.

In 2017, three of the first-level indicators -- the city's financial institutions, financial innovation and financial ecological environment, showed growth, while the indicator of the financial market showed a decline. The index of financial innovation grew fastest in 2017, rising from 3,771.74 points in 2016 to 4,706.72 points, up by 24.79 percent. The indexes of financial institutions and financial ecological environment also showed a steady upward trend, up by 7.49 percent and 5.88 percent respectively compared with 2016.

The growth rate of financial markets, financial institutions, and financial ecological environment indicators dropped again in 2017 after the decline in 2016. However, the financial innovation index is growing steadily.

According to the second-level indicators, the financial development of Beijing in 2017 presented some new characteristics. Data suggests that the momentum for financial innovation development is strong, and the cultural finance and green finance are particularly active, which have become the main driving force of Beijing financial development. Specifically, green finance ushered in its golden period of development, as the scale of green bonds in Beijing reached 93.5 billion yuan (US$13.8 billion), an increase of 27.53 percent compared with the same period last year. The number of these bonds reached 28, ranking first in China. The city also gave more support to inclusive finance practices. The upgrading of Beijing's shantytowns was completed ahead of schedule, while investment in the capital's major projects and people's livelihood projects continued to soar.  

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