At the Financial Street Forum Annual Conference held in Beijing, the "Financial Street Release" event saw the official release of the "Report on the Development of Financial Street ()". The report provides a panoramic analysis of the development of Financial Street over the year, showcasing its dynamics and achievements from multiple dimensions.

The Central Financial Work Conference emphasized that finance is the lifeblood of the national economy and a crucial component of the country's core competitiveness. It is essential to accelerate the construction of a financial powerhouse. As the national financial management center, Financial Street is the gathering place for the country's financial regulatory authorities, large financial institution headquarters, core financial infrastructure, high-end financial talents, and authoritative financial information. It also serves as a significant support for the construction of a financial powerhouse.

As the first large-scale, high-end financial industrial functional area in our country with a history of over years in construction and development, Financial Street has been dedicated to supporting the creation of a powerful national financial management center. Leveraging its advantages as a high-end think tank, China Economic Information Service has collaborated with the Beijing Financial Street Service Bureau to compile the "Financial Street Development Report ()", providing authoritative, detailed, and comprehensive reference reports and think tank achievements for people from all sectors of society to understand the development dynamics of Financial Street.

The main content of the "Financial Street Development Report ()" consists of five chapters, with three special topics and seven columns, comprehensively showcasing the development trends and achievements of Financial Street. It focuses on a detailed review and analysis of the development and operation of various entities within the area, including national financial regulatory authorities, industry organizations, financial institutions, financial markets, factor markets, financial infrastructure, and professional service institutions.

The report states that the Financial Street has witnessed a series of significant historical events over the years, exhibiting several distinct characteristics. Firstly, as one of the key areas for the concentration of core financial elements in China, the Financial Street has become even more instrumental in supporting the construction of a financial powerhouse. Secondly, the six core functions of the Financial Street—decision-making supervision, standard setting, asset management, payment and settlement, information exchange, and international cooperation—have been further refined. Thirdly, the Financial Street has effectively and precisely implemented the "five major articles" in finance, providing more targeted and efficient services to the real economy.

The report shows that the added value of the financial industry in the Financial Street has maintained a relatively rapid growth, fully playing the role of a "ballast" for stabilizing the economy and an "engine" for promoting growth, with continuous improvement in development level and capacity. In the year, the Financial Street achieved a financial industry added value of . billion yuan, a year-on-year increase of .%. By the end of the year, the asset scale of financial institutions in the Financial Street reached . trillion yuan, a year-on-year increase of .%, accounting for about / of the national total, with significant agglomeration effects.

Yang Mu, Vice President of China Economic Information Service, stated during the report release that finance is a vital instrument of the state. Under the guidance of the goal to "accelerate the construction of a financial powerhouse," Financial Street has continuously strengthened its role as the national financial management center. CEIS has participated in the compilation of the "Financial Street Development Report" for consecutive years and will continue to leverage its platform and resource advantages, working in collaboration with industry partners to promote the high-quality development of the financial sector and better serve the overall economic and social development of the country.

To continuously support the high-quality development of Financial Street, the report proposes six recommendations: 1. Accelerate the improvement of the modern financial industry system, promoting the innovative development of financial forms; 2. Vigorously advance the enhancement and expansion of the Beijing Stock Exchange, strengthening the financial market and ecosystem construction; 3. Develop a roadmap for the implementation of the "Five Major Articles," increasing the supply of high-quality financial services; 4. Embrace the wave of digital economy development, enhancing the deep integration of finance, data, and industry; 5. Continuously improve the level of international development, creating a new landmark for international financial exchanges and cooperation; 6. Enhance the construction of financial infrastructure, improving the function of the national financial management center.

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Author: Emma

An experienced news writer, focusing on in-depth reporting and analysis in the fields of economics, military, technology, and warfare. With over 20 years of rich experience in news reporting and editing, he has set foot in various global hotspots and witnessed many major events firsthand. His works have been widely acclaimed and have won numerous awards.

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