On October 23, during an exclusive interview, Yuan Huitao, Deputy Head of the Lize Business District Administration Committee, shared updates on the development of the Lize Financial and Business District, which has become a focal point in Beijing’s “Two Zones” initiative. With over 1,200 companies having set up operations in the area, nearly 70% of these are finance and technology firms, contributing to a tax revenue increase of over 20%.
Yuan highlighted that all business plots in the southern section of the Lize Financial Business District have been successfully auctioned off, and progress continues steadily on the northern international financial city project. The construction of the “Five-Line Transfer” transport network is also accelerating, with the Lize Urban Terminal expected to be completed and put into operation by 2026. The high-standard digital financial technology demonstration park is currently in the steel structure construction phase, showcasing their commitment to advancing digital finance.
Since the release of the “Three-Year Action Plan for High-Quality Development of the Beijing Lize Financial Business District,” the area has seen the realization of several key national and local projects, including investments from major entities like Ruizhong Life and CITIC Securities Asset Management, amounting to over 40 billion yuan. High-quality foreign enterprises such as Yifuda, Refinitiv, and Veolia China have also established a presence here.
Yuan elaborated on the district’s initiatives to advance legal digital currency experiments, which include attracting leading firms in digital finance technology, such as the National Digital Finance Technology Testing Center and Jianxin Financial Technology. Notably, Lize has pioneered several digital currency applications, including off-market wealth management and insurance policies using digital yuan, and has achieved city-wide coverage for digital yuan payroll in government salaries. The district also made strides in internationalization through various cross-border payment applications, enhancing its global standing.
Additionally, as the “Pilot Zone for Fengtai Legal Affairs,” Lize has established the Beijing Financial Court’s Lize Circuit Court, aiming to create a law-driven business environment. The district launched the city’s first “Exchange Rate Risk Hedging Service Center,” providing a one-stop solution for cross-border businesses to manage currency risk. The Lize Cross-Border Financial Alliance was set up to enhance connections between government, banks, and enterprises, while promoting the establishment of the Beijing Lize Financial Business District AEO Exchange Demonstration Center.
With over 1,200 acres of parkland constructed and the opening of a park camping area, the district is striving to create a vibrant new urban leisure scene that blends international flair, cultural depth, and everyday life. Looking ahead, Yuan emphasized that Fengtai District will accelerate key projects such as the Lize Urban Terminal, the Lijin Line, the northern extension of the Daxing Airport Line, and the digital financial technology demonstration park, with an aim to attract internationally renowned financial firms and promote a higher level of openness and development.
