The Financial Office of the Beijing Municipal Party Committee is "here"! Nie Jieying introduced the new journey of Beijing's financial industry for the first time

On the afternoon of March 21st, Nie Jieying, the Deputy Director in charge of daily work of the Office of the Financial Committee of the Beijing Municipal Committee of the Communist Party of China (i.e. "Beijing Municipal Committee Financial Office"), the Deputy Secretary in charge of daily work of the Financial Work Committee of the Beijing Municipal Committee of the Communist Party of China (i.e. "Beijing Municipal Committee Financial Work Committee"), and the Director of the Beijing Local Financial Management Bureau (at the department level), gave an exclusive interview to the media on how to further promote the high-quality development of the capital's financial industry one day after taking office.

One day ago, on the morning of March 20th, the Financial Office of the Beijing Municipal Party Committee, the Financial Working Committee of the Beijing Municipal Party Committee, and the Local Financial Management Bureau officially launched their work. This means that the former Beijing Municipal Local Financial Supervision and Administration Bureau (Beijing Municipal Financial Work Bureau), which has accompanied everyone for nearly six years, will wave goodbye and Beijing finance will also embark on a new journey.

Beijing, as the national financial management center, is the central financial decision-making and management department, where numerous national financial infrastructure platforms, financial industry associations, and headquarters of financial institutions are located. At present, the total asset size of financial institutions in Beijing has reached 215 trillion yuan, accounting for about half of the country. In 2023, the city's financial industry achieved an added value of 866.31 billion yuan, a year-on-year increase of 6.7%, accounting for 19.8% of the regional gross domestic product, setting a new annual proportion high; Contributed about one-fifth of the city's fiscal revenue, and the pillar position of the financial industry continues to consolidate and improve.

"We feel deeply responsible," Nie Jieying admitted in an interview. But at the same time, she also stated that she will closely focus on the key tasks in Beijing's financial sector, grasp and implement various work, support the high-quality development of the capital's economy, and make new contributions to the high-quality development of Beijing's financial sector.

Nie Jieying was interviewed by the media on March 21 on how to further promote the high-quality development of the capital's financial industry. Photo by Wang Guibin, a reporter from Beike Finance of the New Beijing News

The Financial Office of the Beijing Municipal Party Committee, the Financial Working Committee of the Beijing Municipal Party Committee, and the Local Financial Management Bureau were officially listed on March 20th. Photo by Wang Guibin, a reporter from Beike Finance of the New Beijing News

Doing a good job in the "Five Major Articles", Beijing will carry out these key tasks

New Beijing News: The Financial Office of the Municipal Party Committee, the Financial Working Committee of the Municipal Party Committee, and the Municipal Financial Management Bureau have officially unveiled the plaque. What key tasks will Beijing carry out to achieve a successful start to the first quarter and complete the "Five Great Articles"?

Nie Jieying: First of all, thank you all for your attention to us, and I also hope that everyone can continue to support our work. It can be said that the "Five Great Articles" are important tools for financial support for the development of the real economy, as well as important content for the structural reform of the financial supply side.

In terms of technology finance, we will take advantage of the construction of the Zhongguancun Science and Technology Innovation Financial Reform Pilot Zone to continuously enrich and improve financial products and services, and provide full lifecycle services for technology enterprises. We focus on enhancing the ability of regional equity markets to serve science and technology innovation enterprises, and will continue to deepen pilot reforms in areas such as comprehensive equity subscription services. In addition, we will further improve the service mechanism for PE/VC (equity investment and entrepreneurial investment) invested enterprises, promote the inclusion of thousands of invested enterprises recommended by institutions in the city level "service package", and provide more targeted services to PE/VC invested "seed enterprises", helping enterprises grow faster.

In terms of green finance, we actively explore the construction of a green finance system that is in line with international standards. We support the Beijing Green Exchange in building a national unified greenhouse gas voluntary emission reduction trading center. At the same time, we also support the pilot reform of climate investment and financing in Beijing.

In terms of inclusive finance, we actively promote the special action on inclusive finance. For example, since the beginning of this year, our "Smooth Financing Project" has carried out 9 special docking service activities. At the same time, we have actively utilized a series of platforms such as loan service centers and small and micro financial service advisory offices to do a good job in "financing relief through vehicles".

It is worth noting that since the beginning of this year, we have actively pushed the list of 87000 active enterprises to the State Administration for Financial Supervision and Administration, screening out 28000 potential first-time loan enterprise customers, which will help solve the financing difficulties of small and micro enterprises.

In terms of pension finance, we support the construction of the third pillar pension insurance and long-term care insurance; At the same time, we also support financial institutions in developing characteristic elderly care financial products targeted at flexible employment groups, and support institutions in carrying out online and offline elderly care transformation.

In terms of digital finance, we will base ourselves on the benchmark cities of the global digital economy, actively promote financial digital reform and transformation, and continuously expand the pilot applications of digital RMB and regulatory technology. We will also actively layout the top ten application scenarios and demonstration blocks of digital RMB throughout the city.

Continuously building and improving the indirect and direct financing systems in the capital, firmly guarding the bottom line of avoiding systemic financial risks

New Beijing News: Serving the real economy is also the duty of finance. The financial industry is a pillar industry in Beijing. What has Beijing done in providing financing support and meeting the financing needs of the real economy?

Nie Jieying: We attach great importance to the financing needs of major projects in Beijing and actively guide our financial institutions to connect with these major projects. Financial institutions in Beijing have played a very important role in key areas such as the "Three Major Projects", urban renewal, and post disaster reconstruction.

In terms of the "three major projects", this year our JD Pinggu Intelligent Industrial Park's "dual use" project has received a loan amount of 2 billion yuan, and 180 million yuan has been disbursed this month. This is the first key loan project in the city that involves "dual use".

In terms of urban renewal, as of the end of January this year, the branches of our three banks have cumulatively granted credit to more than 100 urban renewal projects, with a total credit limit exceeding 300 billion yuan and funds disbursed exceeding 100 billion yuan. Eight projects with a dedicated loan of 1.37 billion yuan for urban village renovation have been approved. At the same time, our loan balance for the construction of affordable rental housing has also reached a scale of over 10 billion yuan by the end of February this year, maintaining rapid growth.

In terms of post disaster reconstruction, last year we pioneered a new model of mutual recognition of post disaster insurance claims nationwide. Currently, the cumulative loan balance of our post disaster reconstruction project has also reached over 40 billion yuan.

From these numbers, everyone can feel that the financial industry in Beijing provides strong support and guarantees for the real economy, people's livelihood construction, and social development. Overall, by the end of February this year, the balance of RMB loans in the city had reached 11.3 trillion yuan, a year-on-year increase of 14%, reaching a new high for the same period since 2017, which better met the financing needs of the capital's real economy.

New Beijing News: In recent years, Beijing's direct financing performance has been impressive, with Beijing enterprises utilizing multi-level capital markets to achieve direct financing exceeding 1 trillion yuan annually, ranking first in the country. Could you please introduce the current situation in Beijing in promoting corporate listing services?

Nie Jieying: By the end of February this year, we had 805 listed companies, of which 476 were domestically listed. Their total market value ranked first in the country, and 329 were overseas listed; Our number of companies listed on the New Third Board and total share capital also rank first in the country. Since the beginning of this year, we have achieved a total of 7 listed companies, including 3 domestic and 4 overseas.

The Beijing Stock Exchange is often referred to as the "exchange at the doorstep" by many innovative small and medium-sized enterprises from Beijing. We actively support the deepening of reform and steady development of the Beijing Stock Exchange. At present, the number of listed companies on the Beijing Stock Exchange has exceeded three times that at the time of its opening, and more than half of the companies are national level specialized and innovative "little giant" enterprises. It should be said that these enterprises have good development potential. Since the beginning of this year, there have been 6 newly listed companies on the Beijing Stock Exchange, including one company in Beijing.

Both the indirect financing mentioned above and the direct financing system construction you asked about, we attach great importance to leveraging the role of finance in providing capital and funding support and guarantee for the development of new productive forces.

New Beijing News: Financial security is an important task. How will Beijing's financial industry coordinate development and security, and resolutely safeguard the stable development environment of the capital's finance?

Nie Jieying: We will adhere to the principle of being responsible and fulfilling our duties, strengthen the coordination mechanism between the central and local governments, continuously strengthen financial risk monitoring, prudently and orderly prevent and resolve financial risks, and firmly guard against the bottom line of systemic financial risks. At the same time, we will also make every effort to create a good and stable financial environment for the high-quality development of the capital.

The above content is sourced from the New Beijing News