Establishing the Service Bureau for Financial Street will help to focus on improving the service capacity of the National Financial Management Center. The construction of Beijing Financial Technology and Professional Service Innovation Demonstration Zone also needs to be launched.

A three-year action plan for the prevention and control of financial risks was formulated, and the rectification of illegal fund-raising and internet financial risks achieved positive results.

The added value of high-tech manufacturing enterprises above designated size achieved double-digit growth. The income of cultural industries above designated size reached 1 trillion yuan, and the contribution rate of financial, technology, information and other advantageous services to economic growth amounted to 60 percent.

The report made arrangements for the construction of the national science and technology innovation center in 2019. In 2019, Beijing will continue to drive innovation and focus on enhancing the leading and influential role of its science and technology innovation center.

Continuing to deepen the reform of the science and technology system

Give full play to the role of the "test field" in the reform of Zhongguancun Science Park, improve the knowledge-oriented distribution system, implement a policy granting greater autonomy to scientific research institutions and personnel, and further deepen the reform of the title appraisal system.

Focus on cultivating a group of specialized institutions and talents who have a passion for science and technology, build an innovative network service platform and create a third-party service market to provide quality services for the life cycle of innovative enterprises.

Give full play to the technological innovation FOF (Fund of Funds), further implement innovative measures, such as intellectual property collateral financing, investment and loan linkage, to foster more patient capital for the early investment stages and long-term investment in small and medium-sized enterprises.

Improve policies and financial support mechanisms to promote the transformation of scientific and technological achievements. Strengthen the protection and application of intellectual property rights, improve the public service system for intellectual property rights, and introduce international service organizations and legal talents.

Attention will continue to be paid to cutting-edge industries and talent introduction in 2019's work plan. [Photo provided to chinadaily.com.cn]