According to information announced by E-Town Innovation Release on May 13, 2020, the Beijing Economic and Technological Development Area (BDA) completed the actual use of $620 million in foreign capital, a year-on-year increase of 11.7 percent. 

In terms of attracting foreign investment, as of 2020 over 1,100 foreign-invested companies from more than 40 countries or regions including Hong Kong, Macao and Taiwan had settled in the BDA. Seventy-seven of them are world top 500 companies that have invested in more than 100 projects.

In 2020, 48 of the top 100 enterprises in the BDA by output value were foreign-funded enterprises, with a total output value of more than 310 billion yuan ($48.23 billion), accounting for 75 percent of the total. 

In the first quarter of this year, there were 18 new foreign-funded enterprises in the BDA, a year-on-year increase of 50 percent; the actual use of foreign capital reached $224.72 million.

To attract foreign-invested projects, the BDA has increased its support for its foreign-funded enterprises through innovative investment promotion methods, new policy systems and improved services. Meanwhile, it has also strengthened its ability to attract international investment and new enterprises from outside the BDA.

Not only that, the BDA also strives to build an international exchange platform for cutting-edge industries, and has successfully held a number of international industry exchange events such as the World Robotics Conference and the World 5G Conference. 

In 2020, the BDA introduced five projects invested by the world's top 500 companies, covering multiple industrial sectors such as biomedicine, smart manufacturing, new energy vehicles, and finance.

To promote the healthy development of foreign-funded enterprises, the BDA has also formed a set of safeguard measures. It provides comprehensive policy support that recognizes international development trends and covers the entire life cycle of foreign-funded projects in terms of industrial settlement and technological innovation. 

At the same time, in terms of talent support, a special fund of 1 billion yuan is set up every year to optimize international talent services. In areas of financial support, the BDA supports the implementation of major industrial projects through equity and monetary investment. Speaking of space security, special policies have been introduced to reduce enterprises' cost of land use.

As the construction of the "Two zones" in the BDA continues to advance, the cross-border businesses of financial institutions in the area continues to heat up.

This year, the BDA will optimize its business-friendly and livable environment, continuously improve the modernization level of its industrial and supply chains, and create a market-oriented, legal, and international business environment, said several persons in charge of the BDA.