w88 casino News Network (jointly provided by Beijing Institute of Opening up to the Outside World and w88 casino of International Economics and w88)On March 12, 2024, the "Beijing Offshore Financial Development" seminar jointly sponsored by the Beijing Institute of Opening up and the w88 casino of International Economics and w88 of the w88 casino was successfully held. Chu Guoqiang, deputy general manager of the Financial Market Department of the Agricultural Bank of China, Liu Xu, director of the Research Department II of the Foreign Exchange Research Center of the State Administration of Foreign Exchange, Zhu Zhongwen, director of the Operation Guidance Office of the Beijing Municipal Bureau of Commerce, Wei Xiaoyi, deputy director of the Financial Development Coordination Office of the Beijing Municipal Party Committee Finance Office, Ren Yanxia, full-time deputy director of the "Two Districts" Office of Beijing Tongzhou District, and section chief of the "Two Districts" Office of Beijing Tongzhou District He Jing, Wang Dingding, senior manager of the Financial Assets Department of PetroChina International Co., Ltd., and Wang Shujin, manager of the financial department of PetroChina International Co., Ltd. in South China, were invited to attend the meeting. Professor Jiang Ping, the leader of the "Beijing Offshore Financial Development Research" research group, and his team members Associate Professor Hu Zhongzhong, Associate Professor Shi Beibei, and Associate Professor Zheng Xiaojia attended the meeting. The meeting was chaired by Professor Jiang Ping, a researcher at the Beijing Institute for Opening-up and Opening-up of the w88 casino and Professor of the w88 casino of International Economics and w88.

Professor Jiang Ping, the leader of the research team, first reported on the mid-term progress of the project research; then, associate professor Hu Zhongzhong, a member of the project team, reported in detail the phased research results of the project, focusing on Beijing's advantages in developing offshore finance, the trends and characteristics of the development of global offshore financial centers, and the problems and paths for Beijing to develop offshore financial businesses.

The participating experts fully affirmed the main research content and phased results achieved by the research team, and gave specific suggestions from different perspectives such as the underlying logic of the research, direction coordination, and policy implementation paths. Chu Guoqiang, deputy general manager of the Financial Markets Department of the Agricultural Bank of China, pointed out that Beijing should further clarify Beijing's positioning in developing offshore financial business and strengthen exchanges and discussions with banks to improve the implementation effect of relevant policies. Liu Xu, Director of the Research Department of the Foreign Exchange Research Center of the State Administration of Foreign Exchange, suggested that Beijing should find the right direction for developing offshore financial business and should focus on considering the needs of market participants such as enterprises, so as to better serve the real economy.

Zhu Zhongwen, Director of the Operation Guidance Office of the Beijing Municipal Bureau of Commerce, pointed out that the underlying logic should be opened up, the importance, necessity and primary goal of Beijing's development of offshore finance should be clarified, and its important role in promoting the internationalization of the RMB and improving the function of financial services for the real economy should be highlighted. Wei Xiaoyi, deputy director of the Financial Development Coordination Office of the Finance Office of the Beijing Municipal Party Committee, emphasized the need to strengthen data support for research, while also paying attention to coordinating development and security, and improving risk prevention measures. Ren Yanxia, ​​deputy director of the "Two Districts" Office of Tongzhou District in Beijing, suggested that Beijing should consider piloting relevant systems for developing offshore finance in Tongzhou District. At the same time, He Jing, Section Chief of the "Two Districts" Office of Tongzhou District, Beijing, put forward the important content that Beijing should consider in developing offshore finance from a grassroots perspective, such as government affairs system, talent and capital factors, supervision and rule of law issues, etc., and made suggestions for pilot areas for in-depth study of the subject.

Wang Dingding, senior manager of the Financial Assets Department of China Petroleum International Co., Ltd., said that entity enterprises face cost, efficiency, and regulatory dilemmas in the process of operating offshore businesses, such as strict multi-party supervision, high offshore capital return tax rates, and w88 clearing speeds that need to be accelerated. It is recommended to improve regulatory flexibility and financial freedom, simplify w88 compliance reviews, and improve the efficiency of large-amount cross-border capital flows. Wang Shujin, manager of the Finance Department of PetroChina International Co., Ltd. in South China, suggested that companies can be attracted to open accounts in Beijing through preferential interest rates and tax incentives to help companies obtain greater room for profit growth and enhance competitiveness.

At the end of the meeting, Professor Jiang Ping made a concluding speech and expressed her gratitude to the experts for their guidance. In the next step, the research team will continue to improve the research results based on the experts' suggestions and make every effort to complete the submission of relevant reports and policy recommendations. The Beijing Institute of Opening-up will also continue to support the research team to conduct in-depth research, fully serve Beijing’s opening-up construction, assist the high-quality development of the capital, and contribute wisdom and solutions to the development of global financial innovation.