Central Beijing's Xicheng district plans to attract more than 2,000 professionals in the finance and fintech sector in the next three years, according to a senior district official speaking at a parallel forum of the 2020 Annual Conference of the Financial Street Forum held last month.

Since last year, the district has issued work and residence permits to over 1,500 finance professionals, and provided more than 500 units of government-subsidized housing as well as financial incentives of 200 million yuan (US$29.82 million).

In the next three years, the district will recruit and cultivate over 2,000 talents in finance and fintech sectors to enhance the competitiveness of China's financial industry. 

The local authorities will support the establishment of academician workstations, postdoctoral workstations and other high-level talents development platforms, promote the transformation of fintech innovation achievements, and work to build a certification system for fintech practitioners.

Xicheng will also pool resources to provide high quality healthcare, education, housing, cultural services to top finance professionals, so they can come, stay and give full play to their potentials.

"We should strengthen cooperation between financial enterprises and universities, and even training institutions, so as to develop a sustainable training system for fintech professionals," said Huo Xuewen, head of the Beijing Local Financial Supervision and Administration Bureau.

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