Tokyo to Submit Proposal for FSA’s “Special Zones for Finance and Asset Management Businesses” Initiative

The Tokyo Metropolitan Government （TMG） is pleased to announce the compilation and submission of its proposal for “Special Zones for Financial and Asset Management Businesses,” in response to the request for proposals issued by the Financial Services Agency of Japan in January.
The proposal supports TMG’s “Global Financial City: Tokyo” Vision 2.0, which is based on Tokyo’s strengths, including world-leading financial and capital markets, and abundant personal finance assets. This concept is being implemented through a range of measures to become an innovation and finance hub in Asia for realizing a sustainable society.

Proposal overview

The proposal includes 16 items for deregulation and other related measures

1.The Leading City for Sustainable Finance （9 items）

• Deregulation of investment management （for professional investors）
• Preferential treatment for investment in infrastructure funds, etc.

2.The City where Global Startups are Born （4 items）

• Easing of restrictions on investment in startups by banking groups, etc.

3.The City with the Global Standard for Business in English （3 items）

• Expansion of procedures conducted in English when establishing business enterprises
• Promotion of IR information disclosure in English, etc.

TMG’s Vision for Tokyo as a Global Financial Center

Details

Please see the below for further information.

• Proposals for an “Innovation and Financial Hub in Asia” toward Realizing a Sustainable Society (PDF:4,316KB)
• Website