CCTV News: As China continues to promote high-level financial opening up, many foreign financial institutions have actively explored innovative business models in the Chinese market, injecting new vitality and competitiveness into the market. Many foreign financial institutions have also released a series of views and research reports on the Chinese market, expressing their optimism about the prospects of the Chinese market.

Many foreign financial institutions accelerate their expansion of business in China

Recently, the Shanghai Operation Center of AXA Group's reinsurance company was approved to open in China. In the past few days, the company is preparing for the first roadshow of its Chinese business that will begin next month, which is also the first global insurance group roadshow conducted by the Shanghai Reinsurance Operations Center in Lingang.

AXA Deputy CEO George Stansfield said: "One of the advantages of Lingang is its digitalization, which other platforms do not have. We have every reason to believe that in five years, this place will become an important reinsurance platform and we will conduct business through it."

Foreign institutions are gradually increasing their layout in the Chinese market

At the end of March, UBS announced that the China Securities Regulatory Commission had approved the filing of its wholly-owned holdings in UBS Securities. In the future, UBS Securities is expected to become China's fifth wholly-owned foreign-owned securities company. In addition, the establishment applications for Castle Securities, Ruisui Securities and Citi Securities are also being advanced, and the layout of foreign financial institutions in the Chinese market is further deepening.

Start the speed of business in China and be optimistic about the Chinese economy

Since this year, the enthusiasm of foreign financial institutions to participate in China's capital market has also increased significantly. On Monday, a new index fund of Morgan Asset Management was officially issued. This is the third time that Morgan Asset Management has participated in the first batch of fund issuances of the new A-share index.

Morgan Asset Management (China) Deputy General Manager Guo Peng, Morgan Asset Management (China), said: "We are among foreign-funded public funds, and have participated in the first batch of A-share new index. We have the opportunity to participate in the initial launch of innovative products, which has continuously expanded our business scope in China. We also plan to continue to increase staffing as appropriate to prepare for further expansion of our business."

9 wholly foreign-owned fund management companies have been approved to conduct business in China

Since this year, Allianz Fund, Manulife Fund, Schroder Fund and other companies have targeted high-quality and highly prospective assets in the Chinese financial market and launched a number of new fund products. At present, 9 wholly foreign-owned fund management companies have been approved to conduct business in China.

Many foreign institutions speak out: multiple advantages support the resilience of the Chinese market

In addition, recently, many foreign institutions such as Goldman Sachs, Morgan Stanley, UBS, and Morgan Asset Management collectively spoke out, expressing their three core analysis of China's assets: significant valuation advantages, sufficient policy "toolbox" reserves, and strengthening the logic of technological innovation. With the support of multiple advantages, the Chinese market highlights its resilience.

Morgan Asset Management (China) Deputy General Manager Guo Peng said: "China's series of policies such as stabilizing growth and promoting consumption continue to be implemented to further activate the domestic demand market; monetary, fiscal policies and various financial tools can flexibly respond to market fluctuations and continuously adjust and optimize according to the situation, which will help stabilize economic growth and reduce asset fluctuations. In strategic emerging industries such as technological innovation, green energy, and artificial intelligence, China is showing strong competitiveness and growth potential."