Global financial institutions double down investment in China as nation aims for becoming a financial powerhouse

In 2023, the high-quality development of China's financial sector achieved notable progress. Many foreign financial institutions have doubled down their investment in China amid the country's continued two-way financial opening-up, while authorities have conducted a series of reforms to improve the competitiveness of the country's financial industry so that it can play a bigger role in serving the economic and social development.

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