Zhou Xiaochuan: Financial cooperation between China and Europe Address by Zhou Xiaochuan, Governor of the People’s Bank of China, at the First China-Europe Financial Services and Regulation Roundtable Conference, Shanghai, 28 October 2005. *  *  *  Ladies and Gentlemen, Good morning.
Job retention and loan guarantee schemes in particular have helped to secure employment and prevent an unnecessary loss of viable businesses. They have been crucially complemented by EU-level support – the so called “safety nets” – that reinforce their confidence-enhancing effects.