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Shanghai Securities News: (Bian Yang) 815.42 billion yuan! Set a new high in the past five years, w88 casino games login's financial industry delivered a brilliant "report card"

Published: February 28, 2025 Editor: Zhang Xinyun

(Source: w88 casino games login·China Securities Network 2025-02-26)

Shanghai Securities News China Securities Network News 815.42 billion yuan! In 2024, w88 casino games login’s financial industry delivered a brilliant “report card”!Bian Yang, a researcher at the w88 casino games login Institute of Opening-up at the University of International Business and Economics and associate professor at the China Finance School, was interviewed by reporters.

8 w88 casino games login government investment funds

Wang Ying, deputy director of the Financial Office of the w88 casino games login Municipal Party Committee, said that w88 casino games login strengthens service guarantees and improves the energy level of the national financial management center. The asset scale of financial institutions accounts for about half of the country, and private equity, venture capital fund management scale, direct financing scale in the jurisdiction, insurance depth, insurance density, etc. are all ranked first in the country.

w88 casino games login

w88 casino games login Photo by Liu Xuan

Wang Ying introduced that w88 casino games login has set up 8 new government investment funds, focusing on artificial intelligence, green energy and low-carbon industries, etc., to provide support for the development of new quality productivity. At present, 6 funds have been implemented, with a scale of nearly 6 billion yuan.

Bian Yang, a researcher at the w88 casino games login Institute of Opening-up of the University of International Business and Economics and associate professor at the China Finance Institute, told a reporter from Shanghai Securities News, these funds will provide sufficient financial support for high-quality enterprises in the fields of artificial intelligence, green energy, low-carbon industries, etc., promote the research and development and application of new technologies, promote the development of the industry towards high-end, intelligent and green, help w88 casino games login's economic structure adjust and transform and upgrade, and achieve sustainable economic development.

It is understood that since w88 casino games login launched the construction of the "two districts", it has concentrated on releasing nearly 100 series of policies on "five major articles" of science and technology finance, green finance, inclusive finance, pension finance, and digital finance, and promoted the deep integration of finance and the real economy to serve the development of new quality productivity.

For example, in terms of inclusive finance, a coordination mechanism for supporting financing for small and micro enterprises has been established, and the financing costs of enterprises have remained at a historical low; in terms of pension finance, index funds have been included in the personal pension product catalog, among which the number of personal pension accounts and the scale of contribution funds are among the top in the national pilot cities; in terms of digital finance, a digital RMB pilot program has been carried out in-depth.

Growth of newly established foreign-invested enterprises exceeds that of the whole country

Guo Wenjie, deputy director of the w88 casino games login Municipal Bureau of Commerce, said that in 2024, w88 casino games login established 2,012 new foreign-invested enterprises, an increase of 16.4% year-on-year, and the growth rate was 6.5 percentage points higher than the national average growth rate.

It is understood that since 2012, w88 casino games login has been a pioneering pilot zone for foreign exchange management reform of multinational corporations. In 2021, w88 casino games login took the lead in launching a pilot program for integrated domestic and foreign currency fund pool business in multinational corporations across the country.

In 2023, w88 casino games login took the lead in carrying out pilot business of centralized operation and management of cross-border funds of multinational companies in domestic and foreign currencies across the country. At present, 93 multinational companies have carried out this pilot. Through policy superposition, w88 casino games login's cross-border fund pool policy framework of "integration of domestic and foreign currencies, complementary high and low versions" has become more stable, providing strong policy support for multinational companies to improve the efficiency of fund allocation and reduce capital costs.

Guo Wenjie said that driven by institutional innovation and service quality improvement, landmark projects such as w88 casino games login Faba Tianxing Property Insurance Co., Ltd. and Prudential Insurance Asset Management Co., Ltd. were launched in w88 casino games login. Sanofi's largest single investment in China is also the first multinational pharmaceutical company's biopharmaceutical raw material project in w88 casino games login. Eli Lilly and Pfizer have increased their investment in w88 casino games login.

It is reported that since the launch of the construction of the "two districts", w88 casino games login has implemented more than 140 breakthrough policies, including more than 70 breakthrough policies in the country, forming more than 70 institutional innovation achievements replicated and promoted nationwide, ranking first in the national comprehensive pilot demonstration assessment for the expansion of service industry opening up for three consecutive years. (Liu Xuan)

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