Reuters exclusively reported that the China Securities and Regulatory Commission (CSRC) met with executives at top western banks and asset managers to reassure them about the country’s economic prospects after regulatory crackdowns in 2021. Senior executives from firms including BlackRock, Credit Suisse, Fidelity International, Goldman Sachs, JP Morgan, Morgan Stanley and UBS attended the meeting. CSRC Vice Chairman Fang Xinghai reassured the meeting participants that China will achieve “respectable growth” in 2022.
The post Reuters reveals China securities regulator met foreign banks to soothe economic concerns appeared first on Reuters News Agency.
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