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Vice Premier He Lifeng meets China Investment Corporation's international advisers

🇨🇳 China, Beijing 13:32 Politics Business3 Tech Official updated 2 h ago first reported by 第一财经

In short

Vice Premier He Lifeng met members of the international advisory committee of China Investment Corporation (CIC) at the Diaoyutai State Guesthouse on the evening of 18 October. He said China's economy is generally stable and that China will expand high-level opening up and deepen financial reform during the 15th Five-Year Plan period.

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Politburo member and Vice Premier He Lifeng met members of the international advisory committee of China Investment Corporation (CIC) at the Diaoyutai State Guesthouse on the evening of 18 October, according to Xinhua-sourced reports from CLS, Yicai and Jiemian and a report from China News Service. [ 1 , 2 , 3 , 4 ]

He said China's economy is generally stable and moving toward newer and better growth. He said that during the 15th Five-Year Plan period China will firmly expand high-level opening up and deepen financial system reform. He hoped the committee members would keep offering advice on China's reform and opening up and on CIC's development, keep acting as a bridge, and actively support China's economic development and Chinese-foreign exchanges and cooperation. [ 1 , 2 , 3 ]

The committee members said they are full of confidence in China's economic outlook and financial market development. They said they are willing to keep using their strengths to contribute to mutually beneficial cooperation between China and foreign countries. [ 1 , 2 , 3 ]

Why it matters

The coverage is a routine report of a meeting, carried from Xinhua and China News Service. It shows the message the government gave to CIC's foreign advisers: continued opening up and financial reform.

Key facts

  • Politburo member and Vice Premier He Lifeng met members of CIC's international advisory committee on the evening of 18 October at the Diaoyutai State Guesthouse. [ 1 , 2 , 3 , 4 ]
  • He said China's economy is generally stable and moving toward newer and better growth. [ 1 , 2 , 3 ]
  • He said that during the 15th Five-Year Plan period China will firmly expand high-level opening up and deepen financial system reform. [ 1 , 2 , 3 ]
  • He asked the committee members to keep offering advice on China's reform and opening up and on CIC's development, and to keep acting as a bridge. [ 1 , 2 , 3 ]
  • The committee members said they are full of confidence in China's economic outlook and financial market development and are willing to contribute to mutually beneficial China-foreign cooperation. [ 1 , 2 , 3 ]

Confirmed by several sources

  • He Lifeng met members of CIC's international advisory committee on the evening of 18 October at the Diaoyutai State Guesthouse, according to China News Service and Xinhua-sourced reports from CLS, Yicai and Jiemian. [ 1 , 2 , 3 , 4 ]
  • He said the economy is generally stable and that China will expand high-level opening up and deepen financial system reform during the 15th Five-Year Plan period. [ 1 , 2 , 3 ]

Still unclear

  • The time of the meeting and who attended among the committee members. The documents give only 'the evening' of 18 October and do not name any committee member.

What local media are saying

Business mediaCLS, Yicai and Jiemian reproduced the Xinhua report of He's remarks on the economy, opening up and financial reform, and the committee members' reply. Jiemian also carried it in its morning briefing. [ 1 , 2 , 3 , 5 ]
Official sourcesChina News Service reported only that He Lifeng met the committee members at the Diaoyutai State Guesthouse on the evening of 18 October. [ 4 ]

Timeline, local time

  1. CLS published the Xinhua report of the meeting. [ 1 ]
  2. Yicai published the report, citing Xinhua. [ 2 ]
  3. Jiemian published the report. [ 3 ]
  4. China News Service published its report of the meeting. [ 4 ]
  5. Jiemian included the meeting in its morning briefing on 19 October. [ 5 ]