The Financial Street Forum 2024 is currently underway in Beijing from October 18 to 20, embracing the theme \"Trust and Confidence – Work Together To Promote Financial Openness, Cooperate For Shared Economic Stability and Growth\". This event brings together industry heavyweights to share their insights on China’s economic recovery and the growing confidence in foreign investments within the country.
Markets have responded favorably following the issuance of a stimulus package by the People's Bank of China (PBOC), the country’s central bank, last month. Pan Gongsheng, governor of the PBOC, announced during the opening ceremony on Friday that the required reserve ratio is expected to be further lowered by 0.25-0.5 percentage points before the end of the year, depending on market liquidity.
Reference(s):
cgtn.com
