Country for PR: China
Contributor: PR Newswire Asia (China)
Tuesday, November 29 2022 - 21:31
Xinhua Silk Road: Financial Street Forum annual conference concludes with discussions on national financial management center construction
BEIJING, Nov. 29, 2022 /PRNewswire-AsiaNet/ --

The Annual Conference of Financial Street Forum 2022 closed amidst talks and 
discussions on deepening financial reform and opening up and fostering 
high-quality construction of Financial Street as the national financial 
management center on Wednesday.

Li Wenhong, head of Beijing Municipal Bureau of Local Financial Regulation and 
Supervision, said the bureau will continue to improve the service capacity and 
optimize financial industry structure in Beijing to strengthen Financial 
Street's role as the national financial management center and boost local 
financial development of higher quality in the new era.

Currently, around 1,900 financial institutions of varied types including 175 
institution headquarters have settled along the Financial Street, where the 
Beijing Stock Exchange and Beijing Financial Court are also located, said Sun 
Shuo, secretary of CPC Beijing Xicheng district committee, adding that now 
Financial Street boasts more functions and better financial ecology. 

Beijing Xicheng District will strive to craft Financial Street into a national 
financial management center with complete financial functions, open financial 
market, top business environment and increasing international influence, 
according to Sun.

Held in the year when construction of the Financial Street in Xicheng District 
of Beijing already went through 30 years, the forum underpinned the role of the 
Financial Street as a window to showcase China's financial reform and opening 

Chen Yuan, vice chairman of the 12th Chinese People's Political Consultative 
Conference National Committee, said this year's annual conference brought again 
a feast of ideas and thinking to present China's firm determination to further 
opening up and responsible contribution to global economic development.

On this occasion, review of history, summarization of experience and research 
over the existing challenges and future trends valued much to the modernization 
drive of Chinese economy, reckoned Zhang Xiangchen, deputy director-general of 
the World Trade Organization.

This year's forum was held during November 21-23 in Beijing. It was jointly 
organized by the People's Government of Beijing Municipality, the People's Bank 
of China, Xinhua News Agency, China Banking and Insurance Regulatory 
Commission, China Securities Regulatory Commission and the State Administration 
of Foreign Exchange. 

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SOURCE  Xinhua Silk Road

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