The People's Bank of China (PBOC) held a symposium for foreign financial institutions yesterday (6th), listening to their opinions and suggestions, researching further optimization of the business environment, and promoting high-level opening of the financial industry. Representatives from 11 foreign financial institutions such as HSBC, Bank of E Asia, Standard Chartered Bank, Citibank, DBS Bank in Singapore, Mizuho Bank in Japan, JPMorgan Chase, Industrial Bank in France, Deutsche Bank, Bank of Montreal in Canada, and Morgan Stanley attended and spoke at the meeting.

PBOC Governor Pan Gongsheng pointed out in his speech at the meeting that the fundamentals of the mainland economy, the broad market, strong resilience, and great potential have not changed. In particular, since the implementation of a package of financial increment policies, positive evaluations have been received domestically and internationally, effectively boosting social confidence. PBOC will balance the dynamic equilibrium of economic growth rate and quality, internal and external, investment and consumption, continue to implement a supportive monetary policy, strengthen communication with the market, continuously enhance the quality and efficiency of financial services. Steadily promote the institutional opening of the financial service industry and financial market, expand domestic and foreign financial market connectivity, facilitate trade and investment, create a first-class market-oriented, rule-of-law, and internationalized business environment, promote sustained economic recovery and development towards high-quality financial development.