PBOC Meets JPMorgan, Tesla to Vow Support for Foreign Businesses

(Bloomberg) — China’s central bank will strengthen efforts to stabilize trade and improve the business environment for foreign firms, its governor said Monday, adding to pledges among top leaders this year to open up to overseas investors.

People’s Bank of China (PBOC) Governor Pan Gongsheng stressed the central bank’s initiatives at a symposium attended by representatives from a slew of top foreign companies, including JPMorgan Chase & Co., HSBC Holdings Plc., Deutsche Bank AG, BNP Paribas, UBS Group AG and Tesla Inc. Pan’s remarks were detailed in a PBOC statement.