BEIJING, Oct. 20, 2024 /CNW/ — The Financial Street Forum 2024 annual conference kicked off in Beijing on Friday, bringing together industry heavyweights to share insights on financial openness and cooperation towards shared economic stability. Shared.
The photo shows the opening ceremony of the 2024 Financial District Forum Annual Conference held in Beijing on October 18, 2024 (provided by the 2024 Financial District Forum Annual Conference Organizing Committee Secretariat)
The forum, which is being held from October 18 to 20, is themed “Trust and Confidence – Working together to promote financial openness and work towards economic stability and shared growth.” It is co-sponsored by the Beijing Municipal People’s Government, the People’s Bank of China (PBOC), the National Financial Regulatory Administration (NFRA), the China Securities Regulatory Commission (CSRC), Xinhua News Agency, and the State Administration of Foreign Exchange. (safety).
PBOC Governor Pan Gongsheng said that the recent implementation of a series of policies has played a positive role in increasing market confidence and promoting smooth economic and financial operations. Pan said the central bank will strengthen countercyclical adjustment through monetary and macroprudential policies to contribute to high-quality development.
NFRA Minister Li Yunze said at the forum that to support China’s economic recovery, the administration will guide financial institutions to increase funding, optimize resource allocation, and accelerate smooth capital circulation.
Regarding the capital market, CSRC Chairman Wu Qing said the regulator will deepen comprehensive investment and financing reform based on the market and the law. Institutional mechanisms to promote the high-quality development of listed companies and strengthen market stability will also be refined.
In order to increase confidence in the Chinese economy and market confidence, a favorable “soft” environment created by news organizations is necessary, so Xinhua News Agency has expanded its thematic reporting on economic development and taken the lead in shaping public opinion. I will spare no effort to become one. This was reported by President Fu Hua of Xinhua News Agency.
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SAFE will strengthen reforms and promote a high level of opening up of the foreign exchange sector. Zhu Hexin, director of the agency, said efforts will be made to strengthen policy evaluation and communication with the market, and strengthen regulatory and risk management capabilities.
Bank for International Settlements President Agustín Carstens said via video link that China’s growing domestic demand will benefit the world, inject new momentum into the global economy and safeguard global financial and financial stability.
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