The Financial Street Forum 2024 commenced on October 18 in Beijing, drawing financial leaders and industry experts from around the world. Under the theme “Trust and Confidence – Work Together To Promote Financial Openness, Cooperate For Shared Economic Stability and Growth“, the three-day event aims to foster dialogue on promoting financial openness and collaborative strategies for global economic stability.
As a platform for exchanging ideas, the forum will feature insights from prominent figures on China’s economic recovery and the renewed confidence of foreign investors in the country. Participants are set to delve into discussions on how to enhance trust and cooperation within the global financial community.
The markets have shown positive responses following a stimulus package introduced by the People’s Bank of China (PBOC) last month. At the opening ceremony on Friday, Pan Gongsheng, governor of the PBOC, announced that the required reserve ratio is expected to be further lowered by 0.25 to 0.5 percentage points before the end of the year, depending on market liquidity. This move signifies a continued effort to bolster economic growth and maintain market stability.
The forum serves as a significant event for business professionals, investors, academics, and policymakers interested in the economic developments within China and across Asia. It offers an opportunity to explore the dynamic role that the region plays in the global financial landscape.
Reference(s):
cgtn.com
