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E-mail China.org.cn, February 21, 2025
In 2024, the added value of Beijing's financial industry reached 815.42 billion yuan ($112.38 billion), marking its highest level in five years and reflecting a 7.6% year-on-year increase. This contributed 1.3 percentage points to the city's overall economic expansion, according to the recent municipal financial system work conference.
The Beijing Branch of the People's Bank of China implemented a range of financial measures and supportive monetary policies, injecting 1.4 trillion yuan in long-term capital for banks and nearly 200 billion yuan in monetary policy funds.
To better serve the real economy, Beijing's financial system has launched initiatives across five key areas: technological financing, eco-financing, inclusive financing, aging financing, and digital financing.
Loans for technological innovation, green transformation, agriculture-related projects, and micro and small businesses all grew by more than 10%.
The city plans to expand aging financing services and products, such as third-pillar elderly insurance, further developing its specialized aging finance industry.
Beijing continues to improve its financial and business landscape through financial management reforms and platform development. The city has established major internet platforms dedicated to global financial services, financial think tanks, and high-end professional service institutions.
As part of its financial reform, Beijing has launched a pilot program for equity investment by financial asset investment companies. Additionally, the Beijing Green Exchange has set up the national unified greenhouse gas emission reduction trading center. The city also leads the country in expanding green credit loans and green bonds.
In terms of financial opening up, Beijing hosts over 800 company listings in domestic and international markets, ranking first nationwide. The city has also introduced foreign payment service demonstration zones at its two international airports, allowing foreigners to access subway services using foreign bank cards.
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