China Plans Twice-a-Decade Financial Policy Conference Next Week
- Meeting to discuss risk prevention including LGFVs, people say
- China is struggling to boost its economy and capital markets
Tiananmen Square in Beijing.
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China plans to convene a key financial policy gathering which takes place once every five years early next week to prevent risks and set medium-term priorities for the $61 trillion industry, according to people familiar with the matter.
State leaders, regulators and top bankers will gather at the closed-door national financial work conference in Beijing on Oct. 30-Oct. 31, said the people, asking not to be identified discussing a private matter. Officials led by President Xi Jinping are poised to focus on resolving financial risks, including the property crisis and the spiraling debt at local government financing vehicles, said the people.