At the Sibos 2024 Conference, Miro Kolesar, vice president of the Bank of Nanjing, shared his insights on the pivotal role of China’s banking sector in the nation’s economic development. In an exclusive interview with CGTN’s He Jingyi, Kolesar emphasized the industry’s increasing significance in promoting high-quality growth and facilitating economic restructuring.
“The Chinese banking sector will play an increasingly important role in supporting the country’s economic growth and restructuring,” Kolesar remarked. He highlighted how financial institutions are adapting to new economic realities, fostering innovation, and driving sustainable development across various sectors.
Kolesar’s comments come at a time when China’s economy is undergoing significant transformations, with banks like the Bank of Nanjing leading initiatives to bolster economic resilience. By focusing on strategic investments and technological advancements, Chinese banks are positioning themselves as key catalysts for growth.
The vice president also discussed the importance of international collaboration and knowledge exchange in the banking industry. Events like the Sibos Conference provide a platform for financial leaders to share best practices and explore opportunities for cooperation, further enhancing the global financial landscape.
As China’s banking sector continues to evolve, its commitment to supporting the nation’s economic objectives remains steadfast. Leaders like Kolesar underscore the critical role financial institutions will play in shaping the future of China’s economy, reinforcing their dedication to high-quality growth and innovation.
Reference(s):
Chinese banking sector promotes high-quality growth: Bank of Nanjing
cgtn.com
