At a press conference on Aug 27, marking the fifth anniversary of the "two zones" initiative in the Beijing Economic-Technological Development Area (Beijing E-Town), officials showcased significant progress in industrial development, foreign investment and trade.

Over the past five years, the financial sector in Beijing E-Town has achieved leapfrog development, with its added value increasing from 6.01 billion yuan ($841 million) in 2020 to 11.14 billion yuan in 2024.

This progress has been driven by continuous breakthroughs in financial initiatives in areas such as cross-border, green, and technology finance, offering more diverse services to businesses.

By the end of this year, the entire area is expected to have utilized over $4 billion in foreign capital, ranking third in the city. More than 420 new foreign-funded enterprises from 67 countries have been established, setting up industrial projects in the area.

Currently, Beijing E-Town hosts over 1,500 foreign enterprises from 62 countries, with 105 Fortune Global 500 companies investing in 160 projects.