Yin Yong, Mayor of Beijing, recently met with Noel Quinn, Group Chief Executive of HSBC, Jacob Kam, CEO of MTR Corporation Limited (MTR), and Bill Winters, Group Chief Executive of Standard Chartered respectively.
When meeting with Quinn, Yin said that Beijing, as the financial management center of China, boasts distinctive strengths and opportunities in the financial area as the sector has continued to open wider and the multi-level capital market system has been improved in recent years. Since HSBC, a long-established international financial institution, opened its office in Beijing, it has been expanding its market and contributing to the opening-up and development of Beijing's financial industry by providing high-quality financial services to institutions in Beijing. We hope that HSBC will continue to leverage its rich industry experience, and promote in-depth cooperation with Beijing in the fields of investment and wealth management, green finance, and fintech to achieve win-win results. We will continue to improve the business environment to facilitate its growth in Beijing.
Confident about the outlook for China's opening-up and development, Quinn said HSBC is willing to act as a bridge between international financial institutions and Beijing, increase its footprint here, and conduct extensive cooperation with the city in areas such as green finance and investment and wealth management.
In the meeting with Kam, Yin briefed him about the third phase of rail transit well underway in Beijing, which will integrate railway stations with the surrounding areas and deliver a better travel experience. He also mentioned that Beijing will pursue jobs-housing balance stepwise, and improve its spatial structure, thus catalyzing the integrated development of rail transit and urban space. Thanks to its advanced business philosophy, excellent managerial services, and global perspective, MTR has done so much to improve the construction, operation, and management of rail transit in Beijing over the years. We look forward to strengthening partnership with MTR and welcome MTR to help improve the overall performance of rail stations and the city through continuous involvement in the investment and construction, operation and management, and upgrading of Beijing's rail transit, as well as talent training and technical support, so as to make green travel more convenient.
Heaping praise on Beijing's business environment, Kam expressed MTR's willingness to provide quality mobility services to the public by scaling up investment and operation of rail transit in Beijing, sharing advanced experience from around the world, and intensifying cooperation in rail transit TOD, equipment, and talent training.
During the meeting with Winters, Yin emphasized the importance of Beijing in the development of China's financial sector, as it is home to many important national financial infrastructure platforms and headquarters of financial institutions. We are accelerating the building of Beijing into an international center of innovation by energizing small and medium sci-tech enterprises, which are the source of innovation. With the launch of the national-level green exchange and the building of a national trading center for CCER at a faster pace, Beijing will become a global center for green and sustainable finance. Given Standard Chartered's global reputation, there is broad space for bilateral cooperation in the financial sector. We hope that Standard Chartered will seize the opportunities presented by Beijing's opening-up and development, expand its presence and pursue further cooperation in fintech and green finance, thus offering high-quality financial services and support to local businesses in the city.
Winters spoke highly of Beijing's socio-economic success, noting that Standard Chartered has witnessed and participated in China's opening up and is ready to strengthen financial ties with Beijing to achieve win-win results.
Secretary-General of the municipal government Mu Peng attended the meetings.
(Written by: Yang Qi)
