BEIJING, Dec. 8(Xinhua) -- Recently, the journalist learned from the Beijing Fund Town located in Fangshan District of Beijing that 1086 institutions have entered Beijing Fund Towns, and its accumulated asset management scale exceeds 1.6 trillion Yuan. The Town has become one of the largest and influential domestic fund industrial agglomerations.

I. Adhere to the “sense of experience” of entering institutions as the orientation for efficiency of the town

In the past three years since its establishment, Beijing Fund Town regards the sense of experience and sense of gain to entering institutions as an important criterion for promoting the construction of the town, transforms “how to do” to “what the entering institutions need to do”, and focuses on entering institutions’ experience. The Town has formed high-speed and convenient town efficiency by continuously optimizing procedures, cutting audit process, re-set audit process, compressing audit time, improving service functions.

Under the circumstance that the qualification materials meet the requirements, Beijing Fund Town provides a fast audit, free industrial and commercial registration and alteration services for the entering-prepared institution. Fangshan Industrial and Commercial Bureau Branch set up a “through train” registration service station for the Town, and the fastest speed of a license application now has reached 2 working days. The Tax Bureau and the Human Resources and Social Security Bureau also set up a green channel which provides a specially-assigned person-to-person and job-to-job Town service specialist.

II. Adhere to the “growthiness” of entering institutions as the core for Town service

It is known that in the development and construction, in response to the pains, difficulties and blocks involved in the settlement, operation and development of the entering institutions, Beijing Fund Town has successively established eight service centers which include government service, fund business service, compliance and risk control service, legal service, news and communication, technology, talent service and logistics service by continuously optimizing and improving service levels for continuously improving service system of the Town.

In addition, Beijing Fund Town continues to select high-quality financial service institutions in the society, build a resource pool of strategic partners’ service platform, integrate resources and jointly serve the entering institutions, and promote the formation of a new pattern of business environment in the Town.

According to the person responsible of Beijing Fund Town, as of now, Beijing Fund Town has signed strategic cooperation agreements with 13 banks, 19 securities companies, 5 accounting firms, 16 law firms and 57 other institutions, and provided professional services covering the industry and full-service processes for the entering institutions, and assisted them doing their business effectively with the “1+N” cooperation mode. So far, strategic partners have provided more than 200 professional services to entering institutions in Beijing Fund Town.

III. Build a Beijing Fund Town with honesty and security

While the industry is growing rapidly, Beijing Fund Town has always placed the construction of financial honesty system and risk prevention work in the first place. In terms of the audit of entering, the Town has set strict standards to eliminating the registration and entering of non-compliant fund institutions from the beginning, to ensure that every entering institution operates in good faith and to ensure the healthy agglomeration of fund institutions. Up to now, 297 applications from entering-prepared institutions have been rejected in general.

For the fund institutions that have entered, Beijing Fund Town continuously inspects the risk control of credit through the early warning system and regulation platform to prevent financial risks by means of “Smoke Index: Big Data Technologies Monitor and Warning System ”, professional courts of fund industry, compliance and risk control service centers, legal service centers, and investor education bases.

For the entering institutions that have lost their credit and violated regulations, Beijing Fund Towns will take measures of rectification within a prescribe time limit or being expelled, and all the expelled institutions will be publicized regularly. In the three years since the establishment of Beijing Fund Town, 32 credit-lost fund institutions have been expelled, and 11 have been rectified within a prescribe time limit.