China's 2023 growth to outpace most major economies: Credit Suisse

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.

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

As an international financial institution, Credit Suisse sees invaluable opportunities for collaboration 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 (China) Limited.

Credit Suisse has also played an active role 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 SIX Swiss Exchange, she added.