China Intensifies Engagement with Global Bankers to Boost Market Confidence

Forex - China's securities regulator has increased the frequency of its interactions with global banks, intensifying discussions that typically occur quarterly into temporary inquiries aimed at collecting perspectives on recent stimulus measures that may happen weekly.

According to Bloomberg News, the regulatory body is particularly focused on analyzing daily flows to understand the revisions in economic forecasts made by global banks and foreign investment trends.

Investors have reacted mixed to a recent stimulus package that provided partial relief for local government debts but fell short of the strong financial support many expected.

This data and feedback-gathering effort indicates a heightened urgency from Beijing to revive the economy, as regulators usually hold roundtable meetings with foreign banks operating in the country on a quarterly basis.

One source mentioned that in discussions with one of the banks, the regulator sought advice on how to enhance foreign sentiment and appetite for Chinese assets. In reciprocal dialogues, banks proposed organizing international roadshows to clarify new policies and improve communication with the market.