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China: Financial Street Forum 2025 opens in Beijing

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Storyline: Financial Street Forum 2025 opens in Beijing [Voice_over] It's the first global financial gathering held in Beijing after the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China. The Financial Street Forum focuses on global financial development in an era of innovation, transformation and restructuring. [Sound_bite] Pan Gongsheng, Governor, People's Bank of China: "In the face of the domestic and international situation, we have followed the decisions of adhering to the supportive monetary policy stance, comprehensively utilized various monetary policy tools, including quantity, price and structure, maintained ample liquidity, and reflected the leading macro-financial indicators of financial operations and also reflected the moderately loose monetary policy." [Sound_bite] Li Yunze, Head, National Financial Regulatory Administration: "We will carry out the spirit of the Fourth Plenary Session of the 20th CPC Central Committee, anchor the 15th Five-Year Plan period's economic and social development goals and tasks, unwaveringly follow the path of financial development with Chinese characteristics, and accelerate the building of a strong financial country." [Voice_over] Over 400 international guests, including representatives from China's central bank, major financial regulators, and global financial institutions are taking part in the event. Topping the agenda... Finance and artificial intelligence technology, green finance and cross-border investment. [Stand_up] You Yang, Reporter: "One of the highlights of this year's forum is the participation of five overseas sub-venues, in cities including Abu Dhabi, Madrid and New York. Their focus is on China's economic and financial cooperation with the Middle-East, Europe and beyond." [Sound_bite] Kristalina Georgieva, Managing Director, International Monetary Fund: "We are gathering at a time of high global uncertainty against a backdrop of major and ongoing shifting trade, geopolitics and technology, including financial technology. Despite this uncertainty, global growth is holding up better than expected, yet it falls short of what is needed." [Sound_bite] Pablo Hernández de Cos, General Manager, Bank for International Settlements: "Asia has become an increasingly central pillar of the global financial system. The region continues to account for more than half of global growth. While uncertainties have weighed on external demand and prompted some firms to delay investment, domestic conditions remain broadly resilient." [Voice_over] This year's CPC Plenary Communique emphasised China's economic resilience and technological self-reliance. Experts hope the Financial Street Forum will showcase China's willingness to further open up its economy, and expand economic collaboration. [Restrictions : No access Chinese mainland]

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