This morning (September 7), the 2021 China International Fair for Trade in Services - a series of financial achievements and signing activities for the construction of "Two Districts" in the Beijing City Sub-center were held in Shougang Park.

At the event, the Beijing City Sub-center released a series of latest achievements in the field of finance.

China Development Bank, Bank of Beijing, CICC and Industrial Bank exchanged cooperation agreements with Tongzhou District Government and reached strategic cooperation on deep participation in the construction and development of Beijing City Sub-center.

Major fund projects such as Beijing's first S Fund, Shang Tang AI Industry Fund, and the Smart Logistics Industry Fund, a joint venture between China Post and GLP, landed in the Beijing City Sub-center.

The Beijing Institute of Green Finance and Sustainable Development led the establishment of the Global ESG Investment and Financing Center to establish a green finance exchange mechanism and information sharing platform between the Beijing City Sub-center and the international community.

Global ESG Investment and Financing Center

According to Liu Jialong, Director of Beijing Institute of Green Finance and Sustainable Development, the Global ESG Investment and Financing Center is an important institution initiated and established by Beijing Institute of Green Finance and Sustainable Development, CFA Institute, Beijing Frontier Institute of Financial Supervision and Technology and many other professional institutions at home and abroad to serve the global green investment and financing market.

The Center consists of six working groups: Global ESG Research, ESG Products, ESG Third Party Services, ESG Database, Global ESG Investor Alliance, and Communication and Cooperation, etc. The Center is committed to creating a world-class investment research center with internationalization and branding, building an independent, professional, open, modernized and internationalized ESG investment research service platform, conducting high-level and effective seminars, providing first-class and authoritative It will also share and export China's green finance development experience and best practices.

Beijing's First S Fund

"The Beijing City Sub-center has concentrated all kinds of preferential policies and high-quality resources, which has built a good ecological foundation for all kinds of economies to release their vitality in this fertile land, and it is the best area for S-funds to land first."

Wang Ge, Chairman of Guoke Jiahe Fund, said that the Beijing Science and Innovation Relay Fund, which is managed by Guoke Jiahe Fund of the Chinese Academy of Sciences and undertaken by Tongzhou District, was officially established as the cornerstone fund and the first "market-making fund" of the Beijing S fund market, with an initial size of RMB 20 billion, and is widely solicited for global institutional funds.

Logistics Infrastructure Fund

China Post, as the "national team" in the warehousing and logistics industry, is the main force in building a modern logistics system. China Post Capital plays an important role as a strategic capital operation platform in China Post's wholly-owned subsidiary. In order to give full play to the role of financial capital in helping the development of the real economy, to support the development of the financial industry in the Beijing City Sub-center and serve the real economy, and to build a nationwide modern postal logistics infrastructure ecological platform, China Post Capital and GLP jointly initiated the establishment of a logistics infrastructure fund with a total fund size of The total fund size is RMB 10 billion, with the first phase expected to be RMB 2 billion.

The fund will focus on China's first and second tier cities and national economic hub node areas, and through the new development of integrated logistics warehousing facilities, form a national high-standard warehouse layout with significant influence and control.

"In the process of setting up the logistics infrastructure fund, Tongzhou District has provided generous policy conditions for enterprise occupancy, talent support, special subsidies and supporting services, and we feel the huge development potential of the Beijing City Sub-center" Gong Qihua, General Manager of China Post Capital Management Co., Ltd. said frankly that the convenient transportation, livable environment and superior business environment make us look forward to the future of the Beijing City Sub-center and strengthen our confidence to choose here.

SenseTime Artificial Intelligence Industry Fund

Since its establishment in 2014, SenseTime Technology has developed and established the world's top intelligent vision and deep learning platform and supercomputing center with the mission and vision of "insisting on originality and letting AI lead human progress".

Today, SenseTime Technology co-founded an AI industry fund with a total scale of RMB 1.5-2 billion and settled its wholly-owned fund manager, Beijing Guoxiang Shangheng Private Equity Fund Management Co.

The fund will combine regional characteristics, match high-quality resources, grasp the industrial direction and development reality, give full play to the comprehensive advantages of "industry, academia, research and application" in the Beijing City Sub-center, and use the market-based tool of "capital + technology" to import advanced upstream and downstream industrial resources in the AI field for Beijing and the Beijing City Sub-center. We will bring in upstream and downstream advanced industrial resources in the field of AI and improve the efficiency and effectiveness of cultivating high-quality industries in the most market-oriented way.

The financial industry is the "main force" to support the construction of the Beijing City Sub-center.

On the same day, four financial institutions - China Development Bank, Bank of Beijing, CICC and Industrial Bank - exchanged cooperation agreements with Tongzhou District Government.

According to the agreement, Bank of Beijing will take advantage of its strengths in bond business, structured financial products, syndicated loans, asset and wealth management, support the special industries in the administrative office, cultural tourism and high-end business areas, and provide a full range of financial services for the construction of key projects, the creation of important industrial funds and the development of wealth management segments in the Beijing City Sub-center.

At the same time, Industrial Bank will set up a green special branch in the Beijing City Sub-center, strengthen the introduction and inclination of resources in the introduction of green financial industries, infrastructure construction, green building development and construction, big data and smart city construction, and support green small and medium-sized enterprises, so as to help the high-quality development of the Beijing City Sub-center.

In addition, the Beijing City Sub-center has also achieved several milestones in the reform and innovation of the financial sector in the construction of the "Two Districts". The first foreign-owned currency brokerage company in China, Ueda Yagi Currency Brokerage Co. Bank of Beijing and Bank of China established the city's first and second green franchised banks in the Beijing City Sub-center respectively; Bank of Beijing City Sub-center Branch handled the first batch of NRA account spot settlement business in the FTZ; several banks set up FTZ sub-branches in the Beijing City Sub-center and made breakthroughs in facilitating foreign talents in China to purchase foreign exchange for their salaries and innovative financing and loan models.

On the same day, Tongzhou District made a promotion and policy interpretation of the Measures to Promote Financial Industry Development in Beijing City Sub-center. Wang Ying and Yang Bo, leaders of Municipal Local Financial Supervision Bureau and Tongzhou District, attended the event and delivered speeches.