Credit Suisse sees China growth outpace most major economies in 2023

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Credit Suisse sees China growth outpace most major economies in 2023

Credit Suisse expects China's economic expansion 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 that 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 cooperation and growth as China deepens financial opening up, 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 an active role in facilitating talks between the Chinese securities regulatory commission and the SIX Swiss Exchange that eventually led to the listing of Chinese companies' Global Depository Receipts on the SIX Swiss Exchange, she said.