The Chinese mainland has embarked on a series of policies aimed at stimulating consumption and investment, with pivotal sectors such as food & beverage and finance taking center stage. In the recent Two Sessions, CGTN reporter Zhu Zhu engaged in a conversation with Zhang Yichen, Chairman and CEO of CITIC Capital Holdings and a member of the CPPCC National Committee, to delve into strategies for fostering sustained economic growth.
Zhang emphasized the importance of boosting consumer spending as a key driver for economic resilience. He highlighted that enhancing disposable income and consumer confidence are essential for increasing domestic demand, which in turn supports businesses and fosters a vibrant market environment.
In the realm of financial reforms, Zhang advocated for a more flexible and inclusive financial system. By streamlining regulations and promoting fintech innovation, the Chinese mainland aims to create a more conducive environment for startups and established enterprises alike, facilitating access to capital and encouraging entrepreneurial ventures.
Investment strategies were also a focal point of the discussion. Zhang outlined CITIC Capital's approach to identifying emerging markets and leveraging technological advancements to seize growth opportunities. He underscored the significance of sustainable investments, aligning financial initiatives with environmental and social governance (ESG) principles to ensure long-term viability and societal benefits.
Overall, Zhang Yichen's insights provide a roadmap for the Chinese mainland's economic development, emphasizing the synergy between consumption, financial innovation, and strategic investments to achieve enduring growth.
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CITIC Capital Chairman offers insights on long-term growth strategies
cgtn.com
