The Zhitong Finance App learned that on September 21, the People's Bank of China held a symposium of foreign financial institutions to listen to opinions and suggestions from foreign financial institutions and study work related to further optimizing the business environment and promoting a high level of opening-up of the financial industry to the outside world. Pan Gongsheng said that China's economy is generally running smoothly and improving, the structure continues to be optimized, and new progress is 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 steady economic growth and the smooth operation of financial markets. Continue to promote a high level of financial openness, continue to improve policy supply, steadily expand the two-way opening of financial markets, continuously optimize cross-border payment services, and make the international use of RMB more convenient. Foreign financial institutions believe that since this year, the People's Bank of China has made positive progress in a series of measures to deepen the reform and opening up of the financial industry, optimize the business environment, and facilitate the international use of RMB. We hope to continue to optimize relevant policies and strengthen communication with the market.
The full text is as follows:
The People's Bank of China held a symposium on foreign financial institutions
On September 21, the People's Bank of China held a symposium of foreign-funded financial institutions to listen to opinions and suggestions from foreign-funded financial institutions to study work related to further optimizing the business environment and promoting a high level of opening-up of the financial industry to the outside world. Pan Gongsheng, Governor of the People's Bank of China, attended the meeting and delivered a speech. Deputy Governor Xuan Changneng 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 Directors of the State Administration of Foreign Exchange attended.
At the symposium, Pan Gongsheng introduced the current economic and financial situation and implementation of monetary policy in China, listened to opinions and suggestions, and exchanged responses on issues of concern to various institutions. Pan Gongsheng said that China's economy is generally running smoothly and improving, the structure continues to be optimized, and new progress is 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 steady economic growth and the smooth operation of financial markets. Continue to promote a high level of financial openness, continue to improve policy supply, steadily expand the two-way opening of financial markets, continuously optimize cross-border payment services, and make the international use of RMB more convenient. Foreign financial institutions believe that since this year, the People's Bank of China has made positive progress in a series of measures to deepen the reform and opening up of the financial industry, optimize the business environment, and facilitate the international use of RMB. We hope to continue to optimize relevant policies and strengthen communication with the market.
The heads of 15 foreign financial institutions including Bank of America, J.P. Morgan Chase Bank, HSBC, Standard Chartered Bank, Deutsche Bank, DBS Bank, Abu Dhabi First Bank, Bank Mandelli Indonesia, BNP Paribas, Morgan Stanley, Goldman Sachs, UBS Securities, Manulife Finance, Bofeng Asset Management, and Canada Pension Fund attended the conference and spoke. Comrades in charge of relevant departments and departments of the People's Bank of China and the State Administration of Foreign Exchange attended the symposium.
This article was selected from “Central Bank Official Website”; Zhitong Finance Editor: Huang Xiaodong.