Beijing's Daxing district launched a conference to release reward policies for investment intermediaries on May 23, gathering about 60 financial agencies.

A press conference kicks off in Beijing's Daxing district on May 23 to roll out upgraded rewarding policy for venture capital institutions. [Photo provided by Daxing district]

The meeting announced awards for economic contribution, development contribution and outstanding contribution, with lower thresholds and larger amounts of bonus to stimulate the enthusiasm of investment institutions and facilitate high-quality major projects, foreign-funded projects and participation by out-of-town firms.

Some of the district's partners receive awards at the press meeting held on May 23. [Photo provided by Daxing district]

During the event, the district commended last year's key partners and thanked them for their contributions to local industries.

Meanwhile, enterprise representatives from the WEGO, an international platform to provide innovative public services and enhance regional competitiveness, the ZGC Industrial Financial Service Platform and other institutions expressed their desire for in-depth cooperation with the district, and hoped to use the "two districts" policy, -- the Beijing Free Trade Zone and a national integrated demonstration zone -- to open the service sector wider and to promote Daxing's development.

Head of the district Wang Youguo expressed his willingness to establish long-term cooperation with current investment intermediaries and his wish that they would introduce more projects with greater tax contributions and higher technological content.