Financial asset investment company's equity investment pilot launched in Beijing, Li Yunze and Yin Yong attended the pilot promotion symposium.

On the morning of August 29, the Beijing Municipal Government, together with the National Development and Reform Commission and the China Banking Regulatory Commission, held a seminar to promote the expansion of equity investment in financial asset management companies. They jointly launched a pilot program for equity investment by financial asset management companies in Beijing. The meeting emphasized that Beijing will firmly implement the decisions of the Central Committee of the Communist Party of China and the State Council, fully understand the importance of equity investment and patient capital in developing new productive forces, and make full use of the professional advantages of financial asset management companies in venture capital, equity investment, and enterprise restructuring. They will increase support for technological innovation to achieve a virtuous cycle of "technology-industry-finance". Under the strong support of Beijing, efforts will be made to make new breakthroughs in the pilot program for equity investment by financial asset management companies in the capital, and to develop replicable and scalable practical experiences and institutional achievements. The China Banking Regulatory Commission will strengthen coordination with the National Development and Reform Commission, the People's Bank of China, the China Securities Regulatory Commission, and other relevant departments to guide the smooth and orderly progress of the pilot program and achieve results as soon as possible. The inclusion of Beijing in the pilot program reflects the strong support of the National Development and Reform Commission, central financial management departments and agencies for the work in the capital. In recent years, Beijing has accelerated the construction of an international science and technology innovation center, with fruitful achievements in science, technology, innovation and entrepreneurship, strong momentum in the development of high-end industries, and a leading position in equity investment. Beijing will firmly implement the decisions of the Central Committee of the Communist Party of China and the State Council, fully understand the importance of equity investment and patient capital in developing new productive forces, and make full use of the professional advantages of financial asset management companies in venture capital, equity investment, and enterprise restructuring. They will increase support for technological innovation to achieve a virtuous cycle of "technology-industry-finance". The meeting was attended by leaders from relevant central government departments, as well as leaders from Beijing Municipal Government and representatives from financial asset management companies and innovative enterprises.