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PBOC Pan Gongsheng: Depth and Breadth of CN Financial Mkt Provide Key Allocation Opportunities for Overseas Institutional Investors
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Pan Gongsheng, Governor of the People's Bank of China (PBOC), attended a high-level meeting jointly held by the PBOC and the Bank for International Settlements (BIS) from Tuesday to Wednesday (9th to 10th). During the event, Pan stated that China’s financial market has maintained stable development with notable progress in opening up in recent years. Against the backdrop of multiple challenges facing the global economy, including geopolitical conflicts and protectionism, deepening diversification of the international monetary system, and heightened volatility in global financial markets, the depth and breadth of China’s financial market provide important diversified allocation opportunities for overseas institutional investors. Heads of major domestic financial institutions, including ICBC (01398.HK), ABC (01288.HK), BANK OF CHINA (03988.HK), CCB (00939.HK) and BANKCOMM (03328.HK), attended the meeting. Representatives from foreign financial institutions including Citibank, DBS Bank, Goldman Sachs Group, Inc. (GS.US), JP Morgan Chase & Co. (JPM.US), Standard Chartered Bank and HSBC were also present. AASTOCKS Financial News |
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