In recent years, the PBC has resolutely implemented the decisions and arrangements made by the CPC Central Committee and the State Council and actively supported the development of Beijing as a national financial management center by launching first in Beijing the regulation pilot program of Fintech innovation and the pilot reform of RMB and foreign currency account integration, which truly facilitated the building of four centers (the cultural, political, international exchange, and science and technology innovation centers as Beijing’s major functions.
This year, the PBC has increased central bank lending quotas four times for Beijing’s rural development and MSBs and raised central bank discounts quotas three times, sparing no efforts to meet the demands for pandemic containment and economic recovery of the capital .