The China Securities and Regulatory Commission reportedly met with the executives of top western banks and asset managers to give assurances about the nation’s growth outlook.
The CSRC met with foreign financial institutions last week to reassure them that China will achieve «respectable growth» in 2022, according to a «Reuters» report citing unnamed sources.
More than a dozen global banks and asset managers met with CSRC vice chairman Fang Xinghai over a virtual meeting.
In addition to growth, Fang also said that China and the U.S. were making progress on regulations over Chinese firms listed in New York with the possibility of a «positive surprise» by June or earlier.
China Headwinds
China faces domestic headwinds caused by a regulatory crackdown in the tech sector and debt worries in the property sector alongside the prospect of more than 200 companies from the country potentially being delisted from U.S. exchanges.
Last month, the Securities and Exchange Commission announced that Chinese companies listed on American bourses must disclose if they are owned or controlled by a government entity and open their books for auditing.
