PBOC Holds Symposium for Foreign-Funded Financial Institutions: Steadily Expanding Two-Way Opening of Financial Markets

On September 21, the People's Bank of China held a symposium for foreign-funded financial institutions to hear their opinions and suggestions and to study work related to further optimizing the business environment and promoting high-level opening-up of the financial sector. Pan Gongsheng said that China's economy is generally stable and improving, its structure is continuously being optimized, and new progress is constantly being made in high-quality development. The People's Bank of China will earnestly implement the decisions and arrangements of the Party Central Committee and the State Council, implement a moderately loose monetary policy, and create a favorable monetary and financial environment for stable economic growth CKH HOLDINGS and the smooth operation of financial markets. It will continue to promote high-level financial opening-up, continuously improve policy supply, steadily expand two-way opening of financial markets, constantly optimize cross-border payment services, and make the international use of the RMB more convenient. Various foreign-funded financial institutions believe that since the beginning of this year, the People's Bank of China's series of measures in deepening the reform and opening-up of the financial sector, optimizing the business environment, and facilitating the international use of the RMB have made positive progress. They hope to continue optimizing relevant policies and strengthen communication with the market. The full text is as follows: The People's Bank of China Holds a Symposium for Foreign-Funded Financial Institutions On September 21, the People's Bank of China held a symposium for foreign-funded financial institutions to hear their opinions and suggestions and to study work related to further optimizing the business environment and promoting high-level opening-up of the financial sector. Pan Gongsheng, Governor of the People's Bank of China, attended the meeting and delivered a speech. Xuan Changneng, Deputy Governor of the People's Bank of China, presided over the meeting. Zou Lan, Deputy Governor of the People's Bank of China, and Xu Zhibin and Li Bin, Deputy Administrators of the State Administration of Foreign Exchange, attended. At the symposium, Pan Gongsheng introduced the current economic and financial situation in China and the implementation of monetary policy, listened to opinions and suggestions, and exchanged responses on issues of concern to various institutions. Pan Gongsheng said that China's economy is generally stable and improving, its structure is continuously being optimized, and new progress is constantly being made in high-quality development. The People's Bank of China will earnestly implement the decisions and arrangements of the Party Central Committee and the State Council, implement a moderately loose monetary policy, and create a favorable monetary and financial environment for stable economic growth CKH HOLDINGS and the smooth operation of financial markets. It will continue to promote high-level financial opening-up, continuously improve policy supply, steadily expand two-way opening of financial markets, constantly optimize cross-border payment services, and make the international use of the RMB more convenient. Various foreign-funded financial institutions believe that since the beginning of this year, the People's Bank of China's series of measures in deepening the reform and opening-up of the financial sector, optimizing the business environment, and facilitating the international use of the RMB have made positive progress. They hope to continue optimizing relevant policies and strengthen communication with the market. The heads of 15 foreign-funded financial institutions, including Bank of America, JPMorgan Chase Bank, HSBC, Standard Chartered Bank, Deutsche Bank, DBS Bank, First Abu Dhabi Bank, Bank Mandiri of Indonesia, BNP Paribas, Morgan Stanley, Goldman Sachs, UBS Securities, Manulife Financial, Brookfield Asset Management, and the Canada Pension Plan, attended the meeting and spoke. Responsible comrades from relevant departments and affiliated units of the People's Bank of China and the State Administration of Foreign Exchange attended the symposium. This article is compiled from the "Official Website of the People's Bank of China"; GMTEight editor: Huang Xiaodong.