LINE

    Text:AAAPrint
    Economy

    China's central bank pledges to continuously improve financial services

    2024-11-07 16:46:02Global Times Editor : Li Yan ECNS App Download

    Governors from the People's Bank of China (PBOC), the central bank, met representatives from major foreign financial institutions on Wednesday, as the central bank is to further improve the country's business environment and promote high-level financial opening-up, according to a press release seen on the central bank's website on Thursday.

    Pan Gongsheng, Governor of the PBOC, said the country is committed to continuing the steady promotion of institutional opening-up in financial services, enhance cross-border financial market connectivity, boost convenience in trade and investment and fund-raising, and build a market-oriented and law-based international business environment to accelerate China's sustained economic growth and high-quality development of the financial sector.

    Pan said China's economic fundamentals and favorable conditions such as the huge market, strong economic resilience and great potential have remained unchanged. Also, the recently announced and implemented stimulus policy package has received positive feedback from both home and abroad. It has vigorously boosted social confidence, the governor said.

    The central bank has vowed to pursue a balanced approach to economic growth and development quality. The PBOC will continue to keep the monetary policy while enhance market communication to improve the quality and impact of the financial services.

    A total 11 foreign financial institutions including HSBC, Citibank, Standard Chartered and DBS attended the meeting, according to the press release.

    These financial institutions acknowledged the PBOC's recent positive efforts in advancing financial sector reform and opening-up, improving the business environment, and optimizing the management of cross-border financial data flow.

    Lately, a package of financial stimulus policies has boosted the high-quality development of Chinese economy while maintaining financial market stability, and as a result, the expectations and confidence of foreign businesses have notably increased, the attending foreign financial institutions noted.

    They hope that the central bank can continue to strengthen communications with them about policies and to boost the implementation of the incremental pro-growth policies.

    Xuan Changneng, deputy governor of the PBOC, also attended the meeting.

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    LINE
    Back to top About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2024 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    [網上傳播視聽節目許可證(0106168)] [京ICP證040655號]
    [京公網安備 11010202009201號] [京ICP備05004340號-1]
    主站蜘蛛池模板: 子长县| 东阿县| 宜君县| 静宁县| 永和县| 临泽县| 峨边| 雷波县| 孝昌县| 大名县| 德安县| 日喀则市| 天等县| 镇安县| 岳普湖县| 鹤庆县| 肇东市| 武胜县| 石家庄市| 镶黄旗| 吉林市| 凉城县| 千阳县| 大关县| 岚皋县| 米林县| 治县。| 台前县| 肇东市| 肇州县| 津南区| 米易县| 扶沟县| 定州市| 隆昌县| 绥滨县| 喜德县| 阜康市| 哈尔滨市| 万宁市| 富源县|