China economy more globally important than ever

Guo Shuqing, Party secretary of the People's Bank of China, the country's central bank, and chairman of the China Banking and Insurance Regulatory Commission (CBIRC), met with Stephen A. Orlins, president of the National Committee on US-China Relations, on Thursday, according to a statement issued by the CBIRC on Friday.

The two sides exchanged views on cooperation between China and the US in the finance industry, the statement said.

Yi Huiman, chairman of the China Securities Regulatory Commission, recently met with the heads of Bridgewater Associates, Crédit Agricole Corporate and Investment Bank, Daiwa Securities, the Hong Kong and Shanghai Banking Corporation Limited, Manulife Financial Corporation, Temasek Holdings, Allianz SE, Intesa Sanpaolo, Invesco, Goldman Sachs and other international financial institutions.

In recent years, in the face of the complex and ever-changing external environment, China's capital market has remained steadfast in deepening reforms and has continued to promote multidimensional opening-up involving institutions, markets and products, Yi said.

Greater efforts have been made to facilitate foreign-invested institutions to develop their business in China and further move ahead the connectivity of cross-border markets, he shared.

Going forward, the high-quality development of China's economy and the high-level institutional opening of China's capital market will bring more opportunities, Yi said.

Yi stressed that international financial institutions and global investors are welcome to continue to expand their business and investment in China and share in the fruits of high-quality economic development, Yi said.

Yi also noted that the global economy is going through a difficult period in which complexity and change still remain, and the international financial market has recently seen a flurry of risk events.

Business people should better harness the cooperation in the economic and financial fields, in an effort to inject more certainty into global economic growth and work harder toward better mutual understanding and closer international cooperation, he said.

Heads of international financial institutions expressed their optimism about the prospects of the Chinese economy and the development of the Chinese capital market given its strong resilience, potential and the vitality of the Chinese economy.

They also said that they will attach a high premium on the Chinese market, continue to enhance cooperation with China, and further expand their business and investment, to achieve win-win results.