Credit Suisse sees China growth outpace other major economies in 2023

32
1
Credit Suisse sees China growth outpace other major economies in 2023

Credit Suisse expects China's economic growth to outpace 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 invaluable opportunities for collaboration and growth 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 been instrumental in facilitating talks between the China Securities Regulatory Commission and the SIX Swiss Exchange that paved the way for Chinese companies listing their global depository receipts on the SIX Swiss Exchange, she said.