Beijing's Xicheng District has made significant progress in advancing its “Two Zones” construction, with 32 projects recently implemented, totaling 80.9 billion yuan ($11.6 billion), according to district officials. The initiatives span modern finance, digital economy, and innovative industries, reflecting the district's focus on high-quality, concentrated development.

Xicheng District has prioritized reducing non-capital functions and optimizing urban space, including the clearance of 1.677 million square meters of vacated buildings and remediation of 489,000 square meters of illegal structures. The district also completed the “closure, transformation, and upgrade” of 105 accommodation facilities and fully relocated general wholesale markets. These measures have contributed to the district achieving its population management goals ahead of schedule.

Despite a reduction of over 5,000 market entities during the “14th Five-Year Plan” period, Xicheng's economy continues to grow robustly. In 2024, the district’s GDP surpassed 6,000 billion yuan, reaching 6,038 billion yuan, with an average annual growth rate of approximately 5.2%. Economic density stands at 119 billion yuan per square kilometer, and per capita GDP exceeds 550,000 yuan, placing the district at the forefront of Beijing and nationally.

As a core area of Beijing’s capital functions, Xicheng hosts central financial management institutions, major financial infrastructure, headquarters of leading financial institutions, and industry associations. With total assets of 156 trillion yuan—approximately one-third of China’s financial system—the district contributes nearly 70% of Beijing’s financial sector tax revenue.

Financial asset management remains a key pillar of the district’s “4+N” industrial strategy. Since the implementation of the new asset management regulations, Xicheng has attracted 171 asset management institutions, accounting for more than half of all newly introduced financial institutions. Currently, the district hosts over 260 asset management entities with total assets exceeding 20 trillion yuan, representing half of Beijing’s market and one-eighth of the national scale. The asset management ecosystem, centered around the Beijing Stock Exchange, includes more than 270 listed companies and over 8 million investors.

Notably, central institutions such as China Central Depository & Clearing Co. and China Securities Depository and Clearing Corporation manage nearly 80% of the country’s bond issuance and registration, underscoring Xicheng’s strategic role in national financial infrastructure. The district also boasts eight institutions among the top 500 global asset management firms, according to IPE rankings, highlighting its international relevance.

Xicheng is accelerating the development of digital and high-tech industries. Key functional zones, including Zhongguancun Xicheng Park, Jinke New District, and China Data Street, are fostering innovation aligned with the district's strategic positioning. In six years, Jinke New District completed 434,000 square meters of building renovations, attracting 269 leading enterprises with registered capital exceeding 140 billion yuan and achieving output at the billion-yuan scale.

The district's digital economy is rapidly expanding. In 2024, its scale surpassed 240 billion yuan, with revenue from information transmission, software, and IT services exceeding 110 billion yuan—an increase of over 40% compared with the end of the 13th Five-Year Plan. Major projects include smart data annotation centers, an international information and digital trade hub, the nation's first “medical insurance + commercial insurance” clearing center, and deployment of AI large models by the three major telecom operators. Xicheng leads the city in data factor comprehensive experimental projects.