Foreign Investment Accounts for over 40% in the Two Zones Development in Chaoyang District January 08,2025

Foreign Investment Accounts for over 40% in the Two Zones Development in Chaoyang District

As of October this year, there were 290 Two Zones development projects in Chaoyang District, among which 128 are foreign-funded, accounting for 44% of the total amount. The number of  ongoing foreign-funded projects and projects under investment promotion negotiations has ranked among the city's forefront.

Chaoyang District has established 5 major systems with institutional innovation to facilitate development, as well as 3 industrial parks and opening-up policy systems in numerous key areas. Focusing on cross-border finance, high-end business services, digital economy and other fields, it has issued the first batch of 28 special policies to promote the Two Zones development. 18 policies have been created for high-quality development of Beijing CBD in 8 dimensions, including international investment attraction, headquarters economy, opening up to the world, digital economy, building quality and efficiency improvement, and cultural and artistic development.

At present, the first batch of major projects enjoying national and citywide influence, such as China's first pilot capital pool for the integration of domestic and foreign currencies for multinational companies, China's first alternative investment and insurance asset management company, Beijing's first RMB international investment and loan fund, and Beijing's first cross - border trade investment risk management and business service platform, have settled in Chaoyang District.

At the same time, Chaoyang District has refined the three lists of "policy, enterprise, and space". As of October this year, 55 policies have been achieved among the 62 policies mentioned in the implementation plan of Chaoyang Cluster, with an implementation rate of 88.7%. Breakthroughs have been made in the tasks on the list of policy, projects on the list of enterprise has been steadily promoted, and the list of space has been continuously updated and improved.

In terms of the service for talents, Chaoyang District has established Beijing CBD International Talent One-stop Service Center, taking the lead in achieving the "one service window for processing both work and residence permits for foreigners". As the application materials and processing time have been greatly reduced, the processing period has been reduced from 17 working days to 7 working days. Meanwhile, Chaoyang District has introduced the real-time settlement for commercial insurance in international hospitals to facilitate international talent medical services.

(Note: Content source is from The Beijing News.)