Foreign financial institutions bullish on China's growth
1 year, 9 months ago

Foreign financial institutions bullish on China's growth

China Daily  

With the annual two sessions approaching, markets are watching how China will formulate its key economic policies in the year after the 20th National Congress of the Communist Party of China. For instance, Janice Hu, China CEO at Credit Suisse, expects China's growth to outrun most major economies this year as the Chinese economy accelerates after years of interruption caused by COVID-19. While economic growth is expected to speed up, China is also steadily advancing high-quality development, which has brought about opportunities for foreign financial institutions across different sectors, including green development. Junjie Watkins, equity partner at Pictet Group and CEO of Asia excluding Japan at Pictet Asset Management, said the Swiss firm is upbeat about the secular growth potential in China's environmental sectors given the country's commitment to net zero. Pictet will continue to provide new offerings that capture the abundant opportunities from China's environment investment landscape while strengthening its investment and research capabilities in Chinese equities and renminbi bonds, Watkins said.

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History of this topic

Will China attempt economic revival markets seek post-COVID with multi-trillion-yuan initiatives?
1 month, 2 weeks ago

Will China attempt economic revival markets seek post-COVID with multi-trillion-yuan initiatives?

Live Mint  

China is expected to unveil significant economic measures Friday at the conclusion of the National People's Congress Standing Committee meeting, aiming to revive its struggling economy, AP reported. Analysts believe China may need substantial, multi-trillion-yuan initiatives to reinvigorate growth in the world’s second-largest economy, which has yet to recover fully from the COVID-19 pandemic. Any new spending or economic boost …

China to steadily push forward financial opening-up: central bank
Trending News
1 month, 2 weeks ago

China to steadily push forward financial opening-up: central bank

China Daily  

Xinhua | Updated: 2024-11-07 17:00 Headquarters of the People's Bank of China, the central bank, is pictured in Beijing, China. BEIJING - China will steadily promote institutional opening-up of the financial service sector and the financial market, and expand connectivity between domestic and overseas financial markets, according to the central bank. China will continue to implement a supportive monetary policy, …

China to steadily push forward financial opening-up: central bank
Top News
1 month, 2 weeks ago

China to steadily push forward financial opening-up: central bank

China Daily  

Headquarters of the People's Bank of China, the central bank, is pictured in Beijing, China. BEIJING - China will steadily promote institutional opening-up of the financial service sector and the financial market, and expand connectivity between domestic and overseas financial markets, according to the central bank. China will continue to implement a supportive monetary policy, improve the quality and efficiency …

China at center of our business, says StanChart Group CEO
1 month, 2 weeks ago

China at center of our business, says StanChart Group CEO

China Daily  

Standard Chartered's booth during the ongoing 7th China International Import Expo. BEIJING — China remains a key focus for Standard Chartered Bank and the group's overall commitment to the country has only increased, said Bill Winters, group CEO of the banking corporation, in a recent interview with Xinhua News Agency. He noted that this adjustment sometimes means expanding operations in …

China at center of our business, says StanChart Group CEO
1 month, 2 weeks ago

China at center of our business, says StanChart Group CEO

China Daily  

Standard Chartered's booth during the ongoing 7th China International Import Expo. BEIJING — China remains a key focus for Standard Chartered Bank and the group's overall commitment to the country has only increased, said Bill Winters, group CEO of the banking corporation, in a recent interview with Xinhua News Agency. He noted that this adjustment sometimes means expanding operations in …

Bank of Beijing aims for top cross-border services
3 months, 1 week ago

Bank of Beijing aims for top cross-border services

China Daily  

Huo Xuewen, chairman of the Bank of Beijing, delivers a speech at a forum held on Thursday as part of the 2024 China International Fair for Trade in Services. The Bank of Beijing will enhance its cross-border financial services and make continuous efforts to become the top service provider in this field, said Huo Xuewen, chairman of the bank, at …

Chinese funds help energize Global South
3 months, 3 weeks ago

Chinese funds help energize Global South

China Daily  

An employee works on an assembly line of electric buses, whose components are imported from China, in Addis Ababa, Ethiopia, in March. Today, Chinese firms, especially those engaged in sectors like high-end manufacturing and trade-in services, are adapting their strategies to better align with the changing global market environment. Over the past five years, with the global landscape evolving rapidly, …

China's appeal belies business exodus: China Daily editorial
5 months ago

China's appeal belies business exodus: China Daily editorial

China Daily  

Given the rising geopolitical tensions between China and the United States, and the "de-risking" strategy being pushed ahead by some Western countries to reduce dependence on China in terms of technologies and trade, it is not surprising that reports about foreign businesses cutting investment or shifting production out of China should have emerged. Yet it is the foreign business communities …

'We are constantly looking for more opportunities in China,' Deutsche Bank China COO says
6 months ago

'We are constantly looking for more opportunities in China,' Deutsche Bank China COO says

China Daily  

The skyline of Beijing. SHANGHAI -- Deutsche Bank has recently made substantial investments in enhancing its operational capacity in North China's Tianjin municipality, Ole Gerdau, chief operating officer at Deutsche Bank China, told Xinhua in an interview on Monday. Gerdau underscored the pivotal role of China's economic liberalization and the RMB's global ascendancy as cornerstones of Deutsche Bank's strategic vision …

Top financial watchdog to aid development of foreign institutions in China
7 months, 2 weeks ago

Top financial watchdog to aid development of foreign institutions in China

China Daily  

A clerk counts cash at a bank in Nantong, Jiangsu province. The National Financial Regulatory Administration is planning to introduce more opening-up measures to address legitimate concerns of foreign institutions and improve regulations on foreign banks and insurers, thereby facilitating the development of foreign institutions in China, an official of the top financial watchdog told China Daily in an exclusive …

Good start for China's economy is also good for world growth
8 months ago

Good start for China's economy is also good for world growth

China Daily  

A view of Beijing's CBD area. China's GDP grew 5.3 percent year-on-year in the first quarter of this year, up 1.6 percent from the fourth quarter of last year, showing China's economy is on a solid footing for continued recovery, which will further enhance international expectations for China's development prospects. A series of international financial institutions such as the Asian …

Vantage | Why even the Chinese don't want to invest in China now
9 months, 2 weeks ago

Vantage | Why even the Chinese don't want to invest in China now

Firstpost  

A woman reacts in front of an electronic screen displaying stock prices at a brokerage house in Hangzhou in east China's Zhejiang province, on 5 February, 2024. Chinese investors rush abroad For decades, China’s economy resembled a glamorous cruise liner, attracting investors from around the globe eager to partake in its prosperity. However, recent headlines from Beijing tell a different …

Foreign institutions bullish on China's economy
11 months, 1 week ago

Foreign institutions bullish on China's economy

China Daily  

The financial district of Pudong New Area. Wang Tao, chief China economist at UBS Investment Bank said that, consumption growth is expected to outpace GDP growth this year, as the recovery in service industry, labor market and household incomes continues. However, Liu Jing, chief economist at HSBC, believes that in 2024, the new people-oriented urbanization process will further release consumption …

Global asset managers optimistic about A-share market's rebound this year
11 months, 1 week ago

Global asset managers optimistic about A-share market's rebound this year

China Daily  

Global investment banks and asset managers have expressed cautious optimism that China's A-share market is poised for a rebound this year, after underperforming major global peers in 2023. Chen Dong, chief Asia strategist and head of Asia research at Pictet Wealth Management, said the Swiss company remains tactically positive on Chinese equities over the short to medium term as China's …

China expected to maintain steady growth
11 months, 3 weeks ago

China expected to maintain steady growth

China Daily  

A view of the Huangpu River in Shanghai. Experts say consumption will remain primary driver of economy in 2024 China's economy is set to maintain robust and steady growth in 2024 as domestic demand further recovers, driven by ramped-up macroeconomic policy support and the deepening of industrial upgrading, senior experts said. Traditional consumption areas such as vehicles and electronics are …

After bumpy recovery, China’s economy faces serious headwinds in 2024
1 year ago

After bumpy recovery, China’s economy faces serious headwinds in 2024

Al Jazeera  

The world’s second-largest economy is heading into 2024 on a precarious footing amid deep-seated structural issues. China’s reopening after the lifting of its harsh “zero-COVID” restrictions in January coincided with challenging economic conditions overseas, as soaring inflation made consumers less inclined to buy Chinese goods. “The all too often near-anarchic environment of the past two decades has led to such …

China holds major financial conference as leaders maneuver to get slowing economy back on track
1 year, 1 month ago

China holds major financial conference as leaders maneuver to get slowing economy back on track

Associated Press  

BANGKOK — China’s leaders are expected to search for ways to mend the country’s fractured property market, create jobs for millions of unemployed youths and spur faster growth in a meeting that reportedly began Monday in Beijing. The National Financial Work Conference, usually held twice a decade, is expected to further fortify leader Xi Jinping’s control of the country’s $61 …

Nation's pace of recovery offers global inspiration
1 year, 8 months ago

Nation's pace of recovery offers global inspiration

China Daily  

A view of Beijing's CBD area on Aug 19, 2022. The World Bank has revised its global growth prospects, thanks to a strong economic rebound by China following Beijing's optimization of COVID-19 containment measures. China's economy is now expected to grow by 5.1 percent in 2023, injecting new impetus into the global economic outlook, which is now projected to grow …

China's economy gaining momentum, top regulator says
1 year, 8 months ago

China's economy gaining momentum, top regulator says

China Daily  

A view of Beijing's CBD area on Aug 19, 2022. China's economy is stabilizing and gaining momentum amid a steady recovery this year, and the country has the confidence and capabilities to foster high-quality development, according to the country's top economic regulator. He said the country will also make a big push to boost the spending power, actively expand effective …

Economic rebound prompts investment, new goals for foreign multinationals
1 year, 9 months ago

Economic rebound prompts investment, new goals for foreign multinationals

China Daily  

A Siemens staff member introduces the company's surgical robot to doctors in Qionghai, Hainan province, in 2021. Hou Yang, chairman and CEO of Microsoft Greater China, said multinationals are joining policymakers in hoping that measures announced at the two sessions will effectively reboot China's economic development dynamics, both internal and external. "At the highest level, Microsoft believes that the digital …

Economic rebound prompts investment, new goals for foreign multinationals
1 year, 9 months ago

Economic rebound prompts investment, new goals for foreign multinationals

China Daily  

A hair show is held at the Shanghai Stadium by L'Oreal Paris Pro on March 2. China's steady economic rebound, encouraging signals and efficient policies introduced during the two sessions are boosting confidence among multinational companies operating in the country. Eager to turn those prospects into reality, foreign companies are ramping up investment, expanding their business lines and chalking up …

Foreign execs bullish on 2023 business climate
1 year, 9 months ago

Foreign execs bullish on 2023 business climate

China Daily  

From left to right: Eddy Chan, senior vice-president of FedEx Express and president of FedEx China; Liu Jie, president of Carestream Health Inc China; Ye Fei, president and CEO of Michelin China; Willie Tan, CEO of Skechers China, South Korea and Southeast Asia; Xu Yang, president of Danfoss China. Editor's Note: China Daily is publishing interviews with senior executives of …

China to inject new impetus into global economy
1 year, 11 months ago

China to inject new impetus into global economy

China Daily  

Foreign enterprises and international experts believe that China's optimization of COVID-19 response, which expands the flows of people, will help activate the country's economic vitality and potential, and bring important benefits to world recovery and growth. Daniel Lacalle, chief economist at Spain's asset manager Tressis Management, noted that China's optimization of COVID-19 response is good news to the market in …

What's behind China's robust FDI this year?
3 years ago

What's behind China's robust FDI this year?

China Daily  

BEIJING — China posted faster growth in foreign direct investment this year, with a growing appeal thanks to its steady recovery despite a COVID-19-induced global economic slowdown. "Foreign capital would flow to wherever the market flourishes and opportunities thrive," said Liu Xiangdong, a researcher with the China Center for International Economic Exchanges. The International Monetary Fund forecasts that China's economy …

Global investors confident in China's growth
3 years, 8 months ago

Global investors confident in China's growth

China Daily  

A view of Beijing on Oct 28, 2020. Chinese equities have become even more attractive to global investors as the nation's robust economic recovery backed by a strong domestic market provides a stable and predictable environment amid COVID-19-related global uncertainties, top asset managers said. BlackRock, the world's biggest asset manager, with $9.01 trillion under management, is favoring Chinese equities that …

Shanghai to be financial hub for yuan-denominated assets
3 years, 10 months ago

Shanghai to be financial hub for yuan-denominated assets

China Daily  

An aerial view of Shanghai. Foreign institutions to increase participation in sectors like securities, insurance Although it is still uncertain as to how long COVID-19 will ravage humanity and wreak havoc on markets worldwide, indications point to Shanghai increasingly becoming a global business hub, and these views are supported by the many job ads posted shortly after the new year …

Shanghai to be financial hub for yuan-denominated assets
3 years, 10 months ago

Shanghai to be financial hub for yuan-denominated assets

China Daily  

An aerial view of Shanghai. Foreign institutions to increase participation in sectors like securities, insurance Although it is still uncertain as to how long COVID-19 will ravage humanity and wreak havoc on markets worldwide, indications point to Shanghai increasingly becoming a global business hub, and these views are supported by the many job ads posted shortly after the new year …

Experts tip the nation's economic recovery to produce worldwide benefits
4 years, 1 month ago

Experts tip the nation's economic recovery to produce worldwide benefits

China Daily  

Tourists shop at a duty-free shopping mall in Sanya, Hainan province, on Oct 5, 2020. China is the global leader in terms of economic recovery from the coronavirus pandemic, and the nation's recuperation stands to benefit the rest of the world, according to industry insiders and analysts. "China's economic recovery can benefit the rest of the world and is necessary …

China improves business environment to spur economy
4 years, 4 months ago

China improves business environment to spur economy

China Daily  

The world's second-largest economy is unswervingly improving its business environment, nurturing fertile ground for the growth of various companies and injecting vitality into the domestic and global economy. "China continues to create an open, fair, just and non-discriminatory business environment, offering more opportunities to the world, thus helping stabilize the unsettled global economy amid the COVID-19 pandemic. "We were happy …

China to resolutely deepen opening-up of financial sector: central bank governor
4 years, 4 months ago

China to resolutely deepen opening-up of financial sector: central bank governor

China Daily  

China will resolutely push forward the opening-up of the country's financial industry regardless of how the international situation changes, the central bank governor told Xinhua in a recent interview. China will continue implementing the phase-one economic and trade agreement with the United States, while measures announced to open up China's financial sector will continue, said Yi Gang, governor of the …

Nation to boost consumption, investment
4 years, 4 months ago

Nation to boost consumption, investment

China Daily  

Cui Fan, a professor of international trade at the University of International Business and Economics in Beijing, said, "China is working to give full play to its domestic market, the largest in the world, and building a new model of development in which domestic economic networks play the primary role, and domestic and international economic networks complement each other." Huge …

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