Beijing to host global talks on high-quality development

Beijing is set to host the annual Financial Street Forum later this month. The event focuses on global financial development and international economic cooperation. You Yang previews what's to come.

Under the theme of "Global Financial Development in an Era of Innovation, Transformation and Restructuring", this year's Financial Street Forum is expected to attract more than 400 international guests from 30 countries and regions when it gets underway on October the 27th.

ZHI HAIJIE, District Mayor, Xicheng District, Beijing Municipality "This year's Forum will include a main forum, parallel forums, fintech conference and other activities. The main and parallel forums will feature 27 thematic events and 6 investment and financing matchmaking sessions, while the fintech conference will host 11 events."

Overseas event sub-venues will be set up in South America, Europe, the Middle-East and beyond.

LIU MEIYING, Deputy District Mayor, Xicheng District, Beijing Municipality "The Financial Street Forum has been adhering to one idea that the event is not only a Chinese forum, but also a world gathering. To uphold this idea, we have kept promoting the influence of the forum on the global stage. In fact, we have been setting up overseas sub-venues since 2021. After years of development, we've seen the expansion of our overseas sub-venues to more areas."

Founded in 2012, the Forum is seen as a barometer of China's financial industry. It is jointly organised by the Beijing Municipal People's Government, the People's Bank of China and other financial regulators.

YOU YANG, CGTN Reporter "I am a reporter with CGTN. My question is for the People's Bank of China. What work has the Bank done to strengthen Beijing as a National Financial Management Center, and to support the high-quality development of Beijing's economy and finance?"

LI KEXIN, Spokesperson, People's Bank of China "The People's Bank of China has put efforts in three areas. Those include providing financial supports to Beijing's technology enterprises, and improving financial services for the development of the real economy. As Beijing harbours many multi-national enterprises, the People's Bank of China also works with other organizations to optimize financial services for these multinational corporations."

The Forum runs for four days. The organisers say the event aims to safeguard free trade, promote a stable, fair international economic and financial order while injecting new impetus into the development of the world's economy. You Yang, CGTN, Beijing.