Third plenum charts path for reforms in China's financial market, as doors are opened wider to welcome foreign institutional investors

BEIJING, Aug. 21, 2024 /PRNewswire/ -- Global investment management company, Allianz Global Investors, recently launched its first equity investment fund in the Chinese market, joining dozens of foreign financial institutions that have expanded their footprints in China after the Third plenary session of the 20th Communist Party of China Central Committee, held in middle July, set the direction for future reform in the financial sector.

Boosted by a strong signal of deepening reform and widening opening-up and promoting high-quality economic development, multiple foreign financial institutions have expressed their optimism to the Global Times about the sound long-term growth prospects of China's economy including the capital market, while showing eagerness to expand their operations in the Chinese market in order to reap more fruitful dividends.