/ world today news/ Yesterday, the China Media Group opened its official observation post on Financial Street in Beijing. Shen Haixun, Deputy Chief of the Publicity Department of the CCP Central Committee and Director of KMG, and IMF China Chief Representative Stephen Barnett jointly hosted the opening. Beijing Mayor Yin Yong also attended the ceremony.
Financial Street in Beijing is a state financial management center. It is home to the Beijing Stock Exchange, 175 head offices and over 1,900 financial institutions. Assets of financial institutions on the street exceed $140 trillion. The establishment of the KMG observation post will be another practical step to stimulate the high-quality development of finance in the country.
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