Chinese central bank met with foreign financial institutions, companies, pledging to improve policy
POLICY & REGULATION
Chinese central bank met with foreign financial institutions, companies, pledging to improve policy
POLICY & REGULATION

Chinese central bank met with foreign financial institutions, companies, pledging to improve policy

 

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China’s central bank and forex regulator met with foreign financial institutions and companies on Monday, as Beijing strives to attract overseas investment to support its recovery.

JPMorgan, HSBC, Deutsche Bank and Tesla were among those attending the meeting, according to a statement by the People’s Bank of China (PBOC), in a sign of renewed efforts by Chinese policymakers to revive foreign trade and investment.

China will improve its policies, and create a market-oriented and international-level business climate, PBOC Governor Pan Gongsheng said at the meeting.

China will continously opetimize policy arrangement, build first-class market-oriented, law-based and internationalized business environment, improve the quality and efficiency of financial services and promote high-level opening-up, said Pan.