BEIJING, Nov. 9, 2023/PRNewswire/ — With the theme “A Better China, a Better World: Enhancing Financial Openness and Cooperation for Shared Growth and Mutual Benefits”, the Financial Street Forum 2023 Annual Conference opened on Wednesday in Beijing, capital of China.

Addressing the conference, Yin Li, secretary of the Beijing Municipal Committee of the Communist Party of China, said that China’s financial market, with its large scale, full potential, rapid development and solid foundation of real economy, has become a key force in maintaining global financial stability.

Pan Gongsheng, governor of the People’s Bank of China (PBOC) and head of the State Administration of Foreign Exchange (SAFE), said at the conference that China will practically promote international financial cooperation and actively participate in global economic and financial governance, stressing that the country will improve the internationalization of the Chinese currency through “prudent and sound measures.”

The fundamentals of the Chinese economy should remain strong in the long term, as new drivers continue to be added and high-quality economic and financial development show increasing momentum, said Li Yunze, head of the National Financial Regulatory Administration (NFRA). ), noting that the NFRA will firmly advance high-level opening up of the financial sector to attract more foreign financial institutions and long-term capital to the Chinese market.

Yi Huiman, chairman of the China Securities Regulatory Commission (CSRC), said the CSRC will stick to the fundamental purpose of serving the real economy, focusing on five main tasks: promoting science and technology financing, financial greens, inclusive finance, pension financing and digital finance, as a bid to make better use of the capital market as a hub.

Openness and cooperation will greatly contribute to promoting growing, secure and sustainable economic prosperity, in the face of the multiple challenges facing the global economy, said Agustín Carstens, General Manager of the Bank for International Settlements through a link from video during the conference.

Jointly organized by the People’s Government of Beijing Municipality, PBOC, NFRA, CSRC, Xinhua News Agency and SAFE, this year’s conference includes a total of 42 activities and welcomes more than 400 overweight guests. from 30 countries and regions to share views on overcoming global economic challenges through financial cooperation.

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