PBOC pledges moderately accommodative monetary policy at foreign financial symposium
On September 21, the People's Bank of China (PBOC) held a symposium in Beijing with 15 foreign financial institutions, including Bank of America, JPMorgan Chase, and HSBC. Governor Pan Gongsheng stated the economy is stable and improving, pledging a moderately accommodative monetary policy and continued high-level financial opening, including expanding two-way market access and facilitating renminbi internationalization. Institutions acknowledged progress in reforms and expressed hope for further policy optimization.
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China's Central Bank Holds Symposium with Foreign Financial Institutions on Opening Up
On September 21, the People's Bank of China (PBOC) held a symposium with foreign financial institutions to discuss improving the business environment and advancing high-level financial opening up. PBOC Governor Pan Gongsheng presented the current economic and financial situation and monetary policy implementation, stating that China's economy is running steadily with continuous structural optimization. He said the PBOC will implement moderately accommodative monetary policy to support stable growth and financial market stability, and will continue to promote financial opening, expand two-way market access, optimize cross-border payment services, and facilitate international use of the renminbi. Representatives from 15 foreign financial institutions, including Bank of America, JPMorgan Chase, HSBC, Standard Chartered, Deutsche Bank, DBS, and Goldman Sachs, attended and expressed positive views on the PBOC's recent reforms. They hoped for further policy optimization and enhanced market communication. The symposium was also attended by PBOC Deputy Governors Xuan Changneng and Zou Lan, as well as SAFE Deputy Administrators Xu Zhibin and Li Bin.
Read sourceChina's central bank governor Pan Gongsheng meets foreign financial institutions, pledges monetary easing
On September 21, the People's Bank of China (PBOC) held a symposium with foreign financial institutions to discuss improving the business environment and advancing high-level opening of the financial sector. PBOC Governor Pan Gongsheng attended and delivered a speech, while Deputy Governors Xuan Changneng and Zou Lan, along with State Administration of Foreign Exchange Deputy Directors Xu Zhibin and Li Bin, also participated. Pan briefed attendees on China's economic and financial conditions and monetary policy implementation, responding to their concerns. He stated that China's economy is operating steadily with continuous structural optimization and new progress in high-quality development. The PBOC will implement moderately accommodative monetary policy to create a favorable monetary and financial environment for stable economic growth and smooth financial market operations. It will continue promoting high-level financial opening, improving policy supply, steadily expanding two-way opening of financial markets, optimizing cross-border payment services, and facilitating international use of the renminbi. Representatives from 15 foreign financial institutions, including Bank of America, JPMorgan Chase, HSBC, Standard Chartered, Deutsche Bank, DBS, First Abu Dhabi Bank, Bank Mandiri, BNP Paribas, Morgan Stanley, Goldman Sachs, UBS Securities, Manulife Financial, Brookfield Asset Management, and Canada Pension Plan Investment Board, attended and spoke. They acknowledged the PBOC's progress in deepening financial reform, optimizing the business environment, and facilitating renminbi international use, and expressed hope for continued policy improvements and enhanced market communication.
Read sourcePBOC Governor Pan Gongsheng Holds Meeting with Foreign Financial Institutions on Policy
On September 21, the People's Bank of China (PBOC) held a symposium with foreign financial institutions in Beijing to discuss improving the business environment and advancing high-level financial opening-up. PBOC Governor Pan Gongsheng attended and delivered remarks, while Deputy Governors Xuan Changneng and Zou Lan, along with State Administration of Foreign Exchange Deputy Directors Xu Zhibin and Li Bin, also participated. Pan introduced China's current economic and financial situation and the implementation of monetary policy, responding to concerns raised by attendees. He stated that China's economy is generally stable and improving, with ongoing structural optimization and progress in high-quality development. The PBOC will implement moderately accommodative monetary policy to support stable economic growth and smooth financial market operations, continue to promote high-level financial opening-up, improve policy supply, steadily expand two-way financial market opening, optimize cross-border payment services, and facilitate international use of the renminbi. Representatives from 15 foreign financial institutions, including Bank of America, JPMorgan Chase, HSBC, Standard Chartered, Deutsche Bank, DBS, First Abu Dhabi Bank, Bank Mandiri, BNP Paribas, Morgan Stanley, Goldman Sachs, UBS Securities, Manulife Financial, Brookfield Asset Management, and Canada Pension Plan Investment Board, attended and shared their views. They acknowledged progress in financial reforms, opening-up, business environment optimization, and renminbi internationalization this year, and expressed hope for continued policy improvements and enhanced market communication.
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China's Central Bank Holds Foreign Financial Institution Symposium to Expand Market Opening
On September 21, the People's Bank of China (PBOC) held a symposium with foreign financial institutions to discuss improving the business environment and advancing high-level opening of the financial sector. PBOC Governor Pan Gongsheng attended and delivered a speech, while Deputy Governors Xuan Changneng and Zou Lan, along with SAFE Deputy Administrators Xu Zhibin and Li Bin, also participated. Pan introduced China's current economic and financial situation and monetary policy implementation, stating that the economy is generally stable and improving with continuous structural optimization. He said the PBOC will implement moderately accommodative monetary policy to create a favorable monetary and financial environment for stable economic growth and smooth financial market operations. The PBOC will continue to promote high-level financial opening, steadily expand two-way opening of financial markets, optimize cross-border payment services, and facilitate international use of the renminbi. Representatives from 15 foreign financial institutions, including Bank of America, JPMorgan Chase, HSBC, Standard Chartered, Deutsche Bank, DBS, First Abu Dhabi Bank, Bank Mandiri, BNP Paribas, Morgan Stanley, Goldman Sachs, UBS Securities, Manulife Financial, Brookfield Asset Management, and Canada Pension Plan Investment Board, attended and spoke. They acknowledged progress in financial reform and opening this year and expressed hope for continued policy optimization and enhanced communication with the market.
Read sourceChina's central bank holds symposium with foreign institutions, pledges to expand financial opening
The People's Bank of China (PBOC) held a symposium with foreign financial institutions to discuss improving the business environment and advancing high-level opening of the financial sector. PBOC Governor Pan Gongsheng briefed attendees on China's economic and financial conditions and monetary policy implementation, stating that the economy is 'generally stable and improving' with ongoing structural optimization. He pledged that the PBOC would implement a 'moderately accommodative' monetary policy to support stable growth and smooth financial market operations, and would continue to promote high-level financial opening, steadily expand two-way opening of financial markets, optimize cross-border payment services, and facilitate international use of the renminbi. Representatives from 15 foreign institutions including Bank of America, JPMorgan Chase, HSBC, Standard Chartered, Deutsche Bank, DBS, First Abu Dhabi Bank, Bank Mandiri, BNP Paribas, Morgan Stanley, Goldman Sachs, UBS Securities, Manulife Financial, Brookfield Asset Management, and Canada Pension Plan Investment Board attended and spoke. They acknowledged progress in financial sector reforms and expressed hope for further policy optimization and enhanced market communication.
Read sourceChina's PBOC Holds Symposium with Foreign Financial Institutions on Opening Up
On September 21, the People's Bank of China (PBOC) held a symposium with foreign financial institutions to gather opinions and study measures to further optimize the business environment and promote high-level opening up of the financial sector. PBOC Governor Pan Gongsheng attended and delivered a speech, while Deputy Governors Xuan Changneng and Zou Lan, along with SAFE Deputy Administrators Xu Zhibin and Li Bin, were present. Pan introduced the current economic and financial situation and the implementation of monetary policy, responding to concerns from the institutions. He stated that China's economy is operating steadily with continuous structural optimization and high-quality development. The PBOC will implement a moderately accommodative monetary policy to create a favorable monetary and financial environment for stable economic growth and financial market stability. It will continue to promote high-level financial opening, improve policy supply, steadily expand two-way opening of financial markets, optimize cross-border payment services, and facilitate international use of the renminbi. Representatives from 15 foreign financial institutions, including Bank of America, JPMorgan Chase, HSBC, Standard Chartered, Deutsche Bank, DBS, First Abu Dhabi Bank, Bank Mandiri, BNP Paribas, Morgan Stanley, Goldman Sachs, UBS Securities, Manulife Financial, Brookfield Asset Management, and Canada Pension Plan Investment Board, attended and spoke. They acknowledged the positive progress of the PBOC's recent measures in deepening financial reform and opening, optimizing the business environment, and facilitating renminbi international use, and expressed hope for continued policy optimization and enhanced market communication.
Read sourceChina's Central Bank Holds Symposium with Foreign Financial Institutions on Opening Up
The People's Bank of China (PBOC) held a symposium with foreign financial institutions on September 21, chaired by Governor Pan Gongsheng, to discuss improving the business environment and advancing high-level financial opening up. Pan introduced China's current economic and financial situation and the implementation of monetary policy, stating that the economy is generally stable and improving with ongoing structural optimization. He said the PBOC will implement a moderately accommodative monetary policy to support stable economic growth and smooth financial market operations, and will continue to promote high-level financial opening, improve policy supply, steadily expand two-way opening of financial markets, optimize cross-border payment services, and facilitate international use of the renminbi. Representatives from 15 foreign financial institutions, including Bank of America, JPMorgan Chase, HSBC, Standard Chartered, Deutsche Bank, DBS, First Abu Dhabi Bank, Bank Mandiri, BNP Paribas, Morgan Stanley, Goldman Sachs, UBS Securities, Manulife Financial, Brookfield Asset Management, and Canada Pension Plan Investment Board, attended and spoke. They acknowledged progress in financial sector reform and opening, and expressed hope for continued policy optimization and enhanced market communication.
China's central bank holds symposium with foreign financial institutions on opening up
The People's Bank of China (PBOC) held a symposium with foreign financial institutions on September 21, chaired by Governor Pan Gongsheng, to discuss improving the business environment and advancing high-level financial opening. Pan briefed attendees on China's economic and financial conditions and monetary policy implementation, stating that the economy is on a stable and improving trajectory with ongoing structural optimization. He pledged that the PBOC would implement a moderately accommodative monetary policy to support stable growth and financial market stability, continue to promote high-level financial opening, improve policy supply, steadily expand two-way financial market opening, optimize cross-border payment services, and facilitate international use of the renminbi. Representatives from 15 foreign financial institutions, including Bank of America, JPMorgan Chase, HSBC, Standard Chartered, Deutsche Bank, DBS, First Abu Dhabi Bank, Bank Mandiri, BNP Paribas, Morgan Stanley, Goldman Sachs, UBS Securities, Manulife Financial, Brookfield Asset Management, and Canada Pension Plan Investment Board, attended and shared their views. They acknowledged progress in China's financial reforms and opening policies this year and expressed hope for continued policy optimization and enhanced market communication.
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