By Li Wei, Development Research Center of the State Council

At the seminar held in Tianjin on "The Supportive Role of Development-oriented Financial Institutions for Beijing-Tianjin-Hebei Region's Joint Development", Li Wei, President of the Development Research Center of the State Council, offered three policy options for the region's development. 1. The joint development of Beijing-Tianjin-Hebei Region is a great, arduous and long-term task. From the perspectives of total areas and aggregate population, Beijing-Tianjin-Hebei Region is qualified to become a world-level city cluster. Generally speaking, a world-level city cluster boasts a reasonable layout of urban system and urban functions with advanced industrial structure, a livable environment, as well as a network-based and modernized transport facilities. In light of such criteria, the Beijing-Tianjin-Hebei region still has a long way to go. Thus we must take consistent policy measures to optimize various factors of the region. 2. Development-oriented financial institutions could play a crucial role in Beijing-Tianjin-Hebei region's joint development. To facilitate such a development, it is imperative to bring into full play the role of development-oriented financial institutions, reconstruct regional space, optimize urban systems, promote industrial transformation and upgrading, build a livable environment, enhance intercity bonds, and improve intracity transport facilities. In all these aspects, development-oriented financial institutions could leverage a positive role. 3. Various social quarters should make coordinated and concerted efforts for the implementation of the strategy targeting the joint development of Beijing-Tianjin-Hebei Region.