The People's Bank of China (PBOC) held a meeting with foreign financial institutions yesterday (6th) to gather their opinions and suggestions, with an aim to further optimize the business environment and promote high-level opening-up of the financial sector. Executives from 11 foreign financial institutions, including HSBC, Bank of East Asia, Standard Chartered, Citibank, JPMorgan Chase, and Morgan Stanley, attended and spoke at the meeting.

PBOC Governor Pan Gongsheng said in his speech at the meeting that the favorable conditions of China's economic fundamentals, vast market, strong economic resilience, and great potential remain unchanged. Especially since the implementation of a package of financial incremental policies, both domestic and international feedback has been positive and significantly amplified social confidence.

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The PBOC will maintain a dynamic balance between economic growth rate and quality, internal and external factors, investment and consumption, while continuing to implement supportive monetary policy, enhance communication with the market, and improve the quality and efficiency of financial services.