On May 27, 2022, the Beijing Municipal Local Financial Supervision and Administration, together with the Business Management Department of the People's Bank of China, the Beijing Banking and Insurance Regulatory Bureau, and the Beijing Securities Regulatory Bureau, jointly issued the "Opinions on Promoting the Construction of Beijing's Global Wealth Management Center" (hereinafter referred to as the "Opinions"). "), according to the plan, by 2023, it will achieve the goal of "cultivating a group of high-quality wealth management institutions and talents, constantly enriching the types of wealth management products, continuously optimizing wealth management service capabilities, and significantly improving the level of wealth management development". By 2025, it will achieve the goal of “basically building a global wealth management center with a sound wealth management legal system, a standardized and orderly market, and greater international influence”.

Focusing on this goal, the "Opinions" put forward a series of favorable policies in terms of institutional development, product and service innovation, infrastructure construction, and optimization of the business environment, including research and establishment of banking, insurance, funds, trusts, asset management and other fields A comprehensive wealth management service platform; encourages the establishment of a professional customer hierarchical management system; explores the introduction of a well-known wealth management industry certification system, and builds a team of internationally competitive practitioners.

The "Opinions" have specific support measures for financial institutions to innovate products, enrich tools, expand investment, etc. At the same time, it will also fully support the development of the Beijing Stock Exchange, expand the reserve enterprise pool, support foreign capital to deeply participate in the domestic financial market, and develop stocks and bonds. , foreign exchange, funds, gold market and inter-bank market transactions.

Beijing Xinke Financial Development Research Institute supports the implementation of relevant opinions and requirements, integrates domestic and foreign resources, and leads the initiative to establish an international wealth management in Beijing with international industry organizations, well-known wealth management experts, universities and other institutions in this field.