Central Financial Work News Today : Breaking News, Live Updates & Top Stories | Vimarsana

/PRNewswire/ -- On May 28th, with the theme of "Venture and Capital for a New Era Innovation and Entrepreneurship for a Brighter Future ", the "2024 Qingdao...

China's top financial watchdogs vowed to keep up a campaign to ensure that the sector adheres to Communist Party values and serves the economy while avoiding excessive and reckless risks, the party's... -February 20, 2024 at 01:28 am EST - MarketScreener

China's financial watchdogs, as reported in the official newspaper, have pledged to continue enforcing adherence to Communist Party values and ensuring the financial sector serves the economy without taking "excessive" and "reckless" risks. Emphasizing President Xi Jinping's dissatisfaction with the financial sector, the party's financial policy body and ideology taskforce called for strict supervision and urged market players to avoid reckless actions.

According to experts, at the governments recent twice-a-decade Central Financial Work Conference, led by President Xi Jinping, the conversations revolved around “strengthened regulation, risk prevention and growth promotion under the Communist Partys leadership over the financial sector”.

Foreign financial enterprises have expressed full confidence in the prospects of the Chinese economy and vowed further investment in the market amid the country’s firm commitment to opening-up in the financial sector and stable economic recovery.