Credit Suisse sees China's economic growth ahead of next year

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Credit Suisse sees China's economic growth ahead of next year

Credit Suisse expects China's economic growth to outperform most other major economies in 2023, as the Chinese economy accelerates after years of interruption caused by COVID-19.

Credit Suisse's China CEO, Janice Hu, said the optimization of COVID-19 policies, China's sophisticated consumers, robust fundamentals and improved sentiments are paving the way for a strong rebound.

Credit Suisse sees valuable opportunities for collaboration and expansion as China deepens financial opening, Hu said, with the company having reached an agreement with its local partner to take full ownership of Credit Suisse Securities Limited.

Credit Suisse has also played a significant role in facilitating talks between the China Securities Regulatory Commission and the SIX Swiss Exchange thatpaved the way for Chinese companies to list their global Depository Receipts on the SIX Swiss Exchange, she said.