GUANGZHOU, CHINA – APRIL 6: Chinese Vice Premier He Lifeng prepares to meet with U.S. Treasury Secretary Janet Yellen on April 6, 2024 in Guangzhou, China.
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Chinese Vice Premier He Lifeng and several other senior financial policymakers are scheduled to speak at the Global Financiers Summit in Hong Kong on Tuesday.
The third Global Financial Leaders Investment Summit, organized annually by the Hong Kong Monetary Authority, will hold main activities throughout the day after a welcome dinner on Monday evening.
According to the South China Morning Post, he, who oversees the top economic and financial decision-making body, will deliver the opening keynote speech at the summit.
According to the Hong Kong Monetary Authority, Li Yunze, director of China’s National Financial Regulatory Authority, Wu Qing, chairman of the China Securities Regulatory Commission, and Zhu Hexin, deputy governor of the People’s Bank of China, will discuss the Mainland China Financial Development Summit agenda at a panel meeting.
Some of the world’s largest banks have begun scaling back operations and cutting jobs in Hong Kong and mainland China due to a chronic lack of listings and trading activity.
Capital outflows made Hong Kong’s Hang Seng Index the worst-performing major index last year, London Stock Exchange data showed.
The operator of the Hong Kong Stock Exchange stated that There are signs of recovery in the third quarter Beijing has launched a series of stimulus measures to boost the flagging economy.
Speakers at the three-day conference include world-renowned bankers such as JPMorgan Chase President Daniel Pinto, Morgan Stanley CEO Ted Pick, Citigroup CEO Jane Fraser and Goldman Sachs CEO David Solomon.
This is a development story. Please check back soon for more updates.
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