Aug 01, 2023 03:19 AM

WORLD

China and France Make Progress on Financial Cooperation

By Wang Liwei and Denise Jia

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French Finance Minister Bruno Le Maire, center, speaks at the Ninth China-France High Level Economic and Financial Dialogue July 29, 2023, in Beijing.

French Finance Minister Bruno Le Maire, center, speaks at the Ninth China-France High Level Economic and Financial Dialogue July 29, 2023, in Beijing.

France and China will welcome a French bank to set up a wholly owned securities unit in China, and the two countries agreed to establish a working group to communicate on regulating the cosmetics industry.

The two measures were unveiled at the China-France High Level Economic and Financial Dialogue held Saturday in Beijing, co-hosted by French Finance Minister Bruno Le Maire and Chinese Vice Premier He Lifeng.

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