Gala 2024
China’s Financial Sector Liberalizations A Welcome Step
FOR IMMEDIATE RELEASE
November 10, 2017
Contact in Washington, DC
Erin Ennis ([email protected])
China’s Financial Sector Liberalizations A Welcome Step
Full Implementation Necessary
WASHINGTON, DC – In response to China’s announcement of financial sector liberalizations earlier today in Beijing, the US-China Business Council (USCBC) issued the following statement:
“We look forward to Chinese regulators quickly moving forward to implement the announcement and open the market to full participation by American financial providers,” said USCBC Chair Evan Greenberg. “USCBC’s membership hopes that these liberalizations are a signal of more economic reforms and openings to come, following China’s recent Communist Party Congress.”
“The financial sector liberalizations announced today by China would be a welcome step toward allowing American financial firms greater participation in China’s economy,” said USCBC President John Frisbie. “American financial companies can bring much-needed products and services to Chinese customers, which will positively contribute to China’s financial sector development and overall economic well-being.”
The US-China Business Council (USCBC) is a private, nonpartisan, nonprofit organization of roughly 200 American companies that do business with China. For over four decades, USCBC has provided unmatched information, advisory, advocacy, and program services to its membership. Through its offices in Washington, DC; Beijing; and Shanghai, USCBC is uniquely positioned to serve its members’ interests in the United States and China.
