Many of the world's leading corporations are restructuring and establishing joint venture partnerships with China.

China's economic activity recovered in the first two months of 2023. (Source: Reuters)

Major corporations are increasing their presence in the world's second-largest economy through restructuring and establishing joint venture partnerships.

Goldman Sachs CEO David Solomon, HSBC CEO Noel Quinn and Standard Chartered CEO Bill Winters are among the prominent figures who have met directly with Chinese officials and regulators since last weekend.

International financial institutions and investors are welcome to expand operations in China, according to the China Securities Regulatory Commission (CSRC).

At the meetings, the two sides "exchanged views on the international market, China's economic potential and pledged to cooperate in various fields."

HSBC CEO Quinn and Standard Chartered CEO Winters also attended the China Development Forum 2023 held in Beijing last weekend, as well as held meetings with financial officials from the host country.

Meanwhile, Chip Kaye, CEO of private equity firm Warburg Pincus, met with Beijing Mayor Yin Yong during a visit to the city last week.

Similarly, the CEOs of global investment firm Temasek (Singapore), insurance group Manulife (Canada) and investment bank Daiwa Securities (Japan) also had meetings with CSRC leaders.

The visits come as China continues to signal its readiness to reopen its economy after a long lockdown to contain the Covid-19 pandemic.

In 2022, China recorded a growth rate of 3% - the slowest in decades.

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