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Global financial institutions double down investment in China as nation aims for becoming a financial powerhouse

In 2023, the high-quality development of China s financial sector achieved notable progress. Many foreign financial institutions have doubled down their investment in China amid the country s continued two-way financial opening-up, while authorities have conducted a series of reforms to improve the competitiveness of the country s financial industry so that it can play a bigger role in serving the economic and social development. ....

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Chinese finance minister hails economic recovery, continues talks with US at APEC

Chinese Finance Minister Lan Fo’an has used his first official overseas trip since becoming the finance minister last month to express confidence about China’s economic recovery and urge APEC economies to strengthen macro-policy coordination and boost free trade and investment, according to the Ministry of Finance (MOF) on Tuesday. ....

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