In the first quarter of this year, foreign investment utilized used in Beijing’s service sector totaled US$5.37 billion, accounting for 92.5 percent of the total. The total foreign investment utilized increased by 1.3 percent to US$5.81 billion in the first three months, achieving 44.7 percent of the annual goal.

In the service sector, foreign investment in science, commerce and financial services rose by 59 percent, 3.3 folds and 5.5 folds respectively, leading to a 59.2 percent growth in key areas of the service sector.

Foreign-owned performing agencies registered in the National Service Industry Reform Pilot of Shijingshan District, the Cultural Park of Beijing Tianzhu Free Trade Zone, the National Culture Industry Innovative Experiment Zone of Chaoyang District, and China Music Valley of Pinggu District, will be allowed to offer services to the whole city.

In March 2017, American Dragon Tale Entertainment Company became the first foreign performing agency that is approved to set up branches in Beijing. In the same month, Huhu Studios, an animation company based in New Zealand, opened a joint venture in Tianzhu Free Trade Zone to help promote Chinese culture.