Chinese vice premier meets chair of Citigroup, CEO of Carlyle Group

Chinese Vice Premier He Lifeng met with Chair of Citigroup John Dugan and CEO of Carlyle Group Harvey Schwartz separately in Beijing on Friday.

He, also a member of the Political Bureau of the Communist Party of China Central Committee, said that China's economy has continued its notable rebound, while high-quality development efforts are resulting in solid progress, demonstrating strong resilience and great vitality.

He added that China will continue to expand its high-level opening up to the outside world, offering broad space for the long-term and stable development of multinational companies. He noted that China welcomes foreign financial institutions, including Citigroup Inc. and Carlyle, to invest and start businesses in China to jointly participate in the construction of China's capital market.

Dugan said that Citigroup Inc. is willing to deepen its presence in the Chinese market and will further enhance investment cooperation with China.

Schwartz, meanwhile, said that Carlyle is optimistic about the prospects of China's economic development and is willing to commit to long-term cooperation with China and expand its layout of investment.

(Cover: A Citibank branch in Beijing, capital of China, April 30, 2024. /VCG)