HONG KONG, July 14 (Reuters) – China’s financial regulators have invited some of the world’s biggest investors to a rare symposium next week, three sources said, seeking to encourage foreigners to keep investing in the world’s second-largest economy despite its recent weakness and rising geopolitical tensions.
The meeting in Beijing next Friday will focus on the current conditions of U.S. dollar-denominated investment firms in China and the main challenges facing them, according to the sources who have direct knowledge of the matter and invitation documents reviewed by Reuters.
The gathering comes at a time when global investors and banks are warning that confidence is waning in China’s economic outlook. The country’s post-pandemic recovery is quickly losing steam and Sino-U.S. relations are at a low over national security issues — including Taiwan, U.S. export bans on advanced technologies and China’s state-led industrial policies.
Such a meeting, with a clear agenda to discuss challenges facing global fund managers investing in China, is rare, the three sources said, and reflected Beijing’s keenness to shore up confidence among foreign investors.
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Source: https://www.reuters.com/world/asia-pacific/china-invites-global-investors-rare-meeting-economy-sputters-sources-2023-07-14/
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