The Fourth Sino-German High-Level Economic and Financial Dialogue Joint Statement: China welcomes and will continue to review applications by foreign institutions, including German institutions, for the "Bond Connect Southbound Channel" qualification.

Wisdom Financial APP learned that on November 17, Chinese Vice Premier He Lifeng and German Vice Chancellor and Minister of Finance Olaf Scholz co-chaired the fourth China-Germany High-Level Financial and Economic Dialogue in Beijing. The joint statement of the fourth China-Germany High-Level Financial and Economic Dialogue was released to the public. China welcomes more qualified German institutional investors to actively participate in China's interbank market trading and related businesses. Both sides agreed to further deepen cooperation in the offshore RMB market. China welcomes and will continue to review applications from foreign institutions, including German institutions, for Bond Connect qualification. Both sides agreed to jointly promote two-way cross-border investment by investors in the Chinese and German capital markets. Both sides welcome qualified financial institutions from China and Germany to participate in their respective bond markets.