The financial results of listed banks in China will improve steadily this year as the overall economy improves and banks make greater efforts to grant credit, experts said.
CBIRC to guide more financial support for consumption--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.
The trial use of digital yuan has played a significant role in boosting domestic consumption as such use has been utilized in more Chinese cities and application scenarios, thus further boosting company participation.
China needs to speed up innovation of financial products provided under its private pension program to meet multilayered and diversified retirement planning needs of its rapidly aging population, industry experts said.
The United States central bank's unrelenting monetary tightening to rein in runaway inflation led to yet another interest rate hike on Wednesday, but it will have a limited long-term impact on China's economic prospects, thanks to the country's stable monetary policy and ongoing economic recovery, experts said on Thursday.