Pandemic Prevention, Economy Stabilization and Security Guarantee  Beijing Fund Town Delivers an Excellent “Answer Sheet”

“The pandemic must be prevented, the economy must be stabilized, and the development must be secured.” At present, under the premise of regular pandemic prevention and control, Beijing is not only speeding up the resumption of work, production, business and market, but also the restoration of normal production and life order. While actively responding to and resolutely implementing the policy of resumption of work and production issued in Beijing under pandemic prevention and control, Beijing Fund Town effectively coordinated pandemic prevention, pioneered innovation and promoted development. With strong performance growth on the basis of strict risk control achieved, Beijing Fund Town delivered an excellent “answer sheet” of “pandemic prevention, economy stabilization and security guarantee”.

Facing the pandemic pressure, Beijing Fund Town adheres to the new development concept as the guide, sticks to integrity and safety, continues to tap the momentum of innovation and builds a standardized service ecosystem platform for China’s private equity industry. Meanwhile, in addition to serving the fund institutions, investors and fund industry development, serving the construction of the “two districts” of the Capital and serving the real economy and residents’ wealth management, Beijing Fund Town gives full play to the role of the Party branch as a fortress, and carries forward the service spirit of the worker pioneer to go all out to guarantee safety and concentrate on quality. Data show that Beijing Fund Town reported a corporate tax payment of more than RMB 933 million from January to June 2022, an increase of 40% year-on-year and that enterprises newly registered through the administrator increased by 88.9% year-on-year, accounting for 71.8% of the total number of new enterprises in Beijing, achieving high-quality and high-speed development. In the first half of the year, Beijing Fund Town organized and coordinated the provision of more than 230,000 pieces of pandemic prevention materials for settled institutions and strategic partners, providing the necessary guarantee for business development.

In response to the impact of the pandemic, Beijing Fund Town has realized the processing of “cloud” business and “online” services through technology empowerment and precise services. As early as the beginning of 2020, Beijing Fund Town accelerated its digital transformation. Guided by the service standardization system of the Town’s national fund institutions, it has updated and upgraded its online system independently developed, and put all related services on the cloud, building a “one-stop, full-process, all-round” online service system. During the pandemic, Beijing Fund Town did not only continue to strengthen technology empowerment, but also continuously optimized online services and improved the professional service platform for the fund industry to create the most valuable fund industry ecosystem. At the same time, it accelerated the integration of upstream and downstream resources in the industrial chain, worked with well-known industry, university and research institutions at home and abroad and more than 100 strategic partners, accurately matched the segment needs of fund institutions in the whole process of “raising, investment, management and withdrawal”, such as consultation, training, investment, financing, trusteeship, law, finance and taxation and talent services, and cooperated with and enabled fund institutions to achieve the resumption of work and production. From January to June 2022, in Beijing Fund Town, fund business services increased by 150% year-on-year, talent services increased by 87.8% year-on-year, and professional exchange and training services increased by 63.3% year-on-year.

At the same time of rapid development, Beijing Fund Town has always put financial risk prevention in first place. In accordance with the instruction spirit of “building a safe fund town” by Cai Qi, Secretary of the Beijing Municipal Party Committee, Beijing Fund Town has continued to improve the multi-level and all-dimensional fund industry risk prevention and control and diversified dispute resolution mechanism. Combining the risk characteristics of private equity funds, Beijing Fund Town has achieved comprehensive, dynamic, accurate and penetrating comprehensive monitoring and control from 10 dimensions and 585 risk indicators. From January to June 2022, Beijing Fund Town conducted risk control audits for 817 enterprises, screened 299 enterprises, and issued 210 risk control audit reports. During this period, it also held more than 50 investor education activities of various kinds and provided education services for 6.672 million investors, thus effectively preventing the breeding of various risks.

On the 515 National Investor Protection Publicity Day this year, the Investor Education Center of Beijing Fund Town participated in the live streaming large-scale investor education activities organized by Beijing Securities Regulatory Bureau, with more than 12 million online viewers. At the same time, the “Private Equity Fund Investor Protection Exhibition”, jointly held by the Investor Education Center of Beijing Fund Town, Asset Management Association of China, Beijing Securities Regulatory Bureau, Beijing Stock Exchange and Bank of Beijing on the same day, was launched simultaneously on media platforms such as Xinhuanet and China Securities Journal, and the self-Media platforms of the sponsors. Meanwhile, the Proposal on Integrity and Self-discipline of Private Equity Fund Industry was released for the whole industry, with more than 2.358 million online visitors and with remarkable communication effect achieved.