The People's Bank of China and the State Administration of Foreign Exchange: Continuously Optimizing Policy Arrangements to Assist in High Level Opening up to the Outside World

2023-09-19

On September 18th, Pan Gongsheng, Secretary and President of the Party Committee of the People's Bank of China and Secretary and Director of the Party Group of the State Administration of Foreign Exchange, presided over a symposium for foreign-funded financial institutions and enterprises, listened to relevant opinions and suggestions, studied increasing financial support to stabilize foreign trade and foreign capital, and further optimized the foreign investment environment. JPMorgan Chase Bank, HSBC, Deutsche Bank, BNP Paribas, UBS Securities, Mitsubishi UFJ, Tesla, BASF, Trafigura, Schneider and other foreign financial institutions and enterprises participated in the symposium. Lu Lei, Deputy Director of the State Administration of Foreign Exchange, and officials from relevant departments and bureaus of the People's Bank of China and the State Administration of Foreign Exchange attended the symposium. At the symposium, the heads of foreign-funded financial institutions and foreign-funded enterprises introduced the situation of expanding their businesses in China. It is generally believed that in recent years, the opening up of China's financial industry has been steadily advancing, and the ability to provide financial services for foreign trade has continued to improve. They hope to further improve relevant policy arrangements and continuously optimize the business environment. Pan Gongsheng carefully listened to everyone's opinions and suggestions, exchanged in-depth discussions with everyone on hot issues of concern to the enterprise, and responded to some of the opinions and suggestions on site. Pan Gongsheng stated that actively attracting and utilizing foreign investment is an important part of promoting high-level opening-up and building a new open economy system. Next, we will conscientiously implement the requirements of the "Opinions of the State Council on Further Optimizing the Foreign Investment Environment and Increasing the Attraction of Foreign Investment", continuously optimize policy arrangements, create a market-oriented, legalized, and internationalized first-class business environment, continuously improve the quality and efficiency of financial services, and assist in high-level opening up to the outside world. (New News Agency)

Edit:Hou Wenzhe    Responsible editor:WeiZe

Source:economic daily

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