Beijing Overview
Your Current Location: English > Beijing Overview > Business Environment
High Standard, High Quality, High Level: Beijing Financial Technology and Professional Service Innovation Demonstration Zone Becomes "New Engine" of Regional Economic Development

2021-11-19 16:12  

With its unique geographical location, the space formerly taken up by the Beijing Zoo Wholesale Market has been turned into a core area of the Beijing Financial Technology and Professional Service Innovation Demonstration Zone in just three years.

Since the start of construction in 2018, the Beijing Financial Technology and Professional Service Innovation Demonstration Zone has achieved new breakthroughs with "three firsts": it’s the first demonstration zone with financial technology as its main industry; it’s China’s first and only national-level financial technology demonstration zone that is approved by the State Council; and it’s the first demonstration zone that explores the mechanism of the financial technology innovation pilot. The demonstration zone focuses on the financial technology and professional service industry, makes efforts to create a superior industrial ecological environment, and supports state-owned, unicorn and leading companies in the financial technology industry.

Up to now, the Beijing Financial Technology and Professional Service Innovation Demonstration Zone has introduced a total of 129 financial technology companies and professional service institutions, with a registered capital of nearly 100 billion yuan. In the demonstration zone, the agglomeration effect has taken shape, and the industrial ecology is improving day by day. It drives the development of high-quality innovation-oriented enterprises and professional service institutions in the industrial chain, and becomes a "new engine" of regional economic development.

In the next three to five years, the core area will introduce high-end commercial formats as well as various "first stores" and businesses, and increase living and leisure facilities, to allow financial and technological talents to experience one-stop work, life, and consumption services, so as to attract more financial technology companies to settle in the area. During the 14th Five-Year Plan period, its output value is expected to reach 50 billion yuan per square kilometer.