Country for PR: China
Contributor: PR Newswire Asia (China)
Wednesday, November 23 2022 - 18:42
AsiaNet
Xinhua Silk Road: Economic development, financial cooperation amid changes highlighted at Financial Street Forum 2022 annual conference
BEIJING,Nov.23, 2022 /PRNewswire-AsiaNet/ --

The Annual Conference of Financial Street Forum 2022 kicked off in Beijing on 
Monday with the theme "Forge Ahead Toward a Shared Future: Economic Development 
and Financial Cooperation Amid Changes", attracted participants shared their 
views and insights regarding the conference theme.

Yin Li, secretary of the Communist Party of China (CPC) Beijing Municipal 
Committee, said at the conference that, Beijing will continue to strengthen the 
development of the financial sector to inject impetus into the real economy, at 
the same time, Beijing is committed to deepening reform and innovation in the 
financial sector to promote a higher level of financial opening-up.

China's stable monetary policy has provided significant support to the real 
economy, according to Yi Gang, governor of the People's Bank of China (PBOC), 
China's Central Bank, adding that the central bank also leveraged structural 
monetary policy tools to enhance support for agriculture, small and 
medium-sized enterprises, as well as private companies, making finance more 
accessible, available and affordable for them.

Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission 
(CBIRC), said that China's financial market has witnessed the rapid growth of 
insurance products with real pension attributes through regulated governance by 
the relevant Chinese authorities, accumulating a national pension reserve fund 
of more than 5 trillion yuan.

Fu Hua, president of Xinhua News Agency, said that Xinhua will be firmly 
committed to strengthening news coverage and relevant information services in 
China's financial sector provides strong support for the healthy development of 
China's financial industry.

Yi Huiman, chairman of the China Securities Regulatory Commission (CSRC), said 
at the conference that efforts should be made to grasp the logic of valuation 
for different types of listed companies, and to explore ways to build a 
valuation system with Chinese characteristics so that market plays a better 
role in resource allocation.

Globally, with the increasing resilience of China's foreign exchange market, 
the asset risk avoidance properties of renminbi are also increasingly 
perceptible, according to Pan Gongsheng, deputy governor of PBOC, also the head 
of the State Administration of Foreign Exchange (SAFE).

This year's forum is jointly organized by the People's Government of Beijing 
Municipality, the People's Bank of China, Xinhua News Agency, China Banking and 
Insurance Regulatory Commission, China Securities Regulatory Commission and the 
State Administration of Foreign Exchange. 

https://en.imsilkroad.com/p/331258.html

SOURCE: Xinhua Silk Road

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=434606

   Caption: (221122) -- BEIJING, Nov. 22, 2022 (Xinhua) -- This photo taken on 
Nov. 21, 2022 shows the opening ceremony of the Annual Conference of Financial 
Street Forum 2022 in Beijing, capital of China. Themed "Forge Ahead Toward a 
Shared Future: Economic Development and Financial Cooperation Amid Changes", 
the Annual Conference of Financial Street Forum 2022 opened here on Monday. 
(Xinhua/Chen Zhonghao)

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