Business Standard

For Wall Street, China's financial markets are bigger than the trade war

However, there are still significant hurdles in setting up shop in China

Photo: Bloomberg

Photo: Bloomberg

Executives from the biggest US financial firms, including JPMorgan Chase & Co and Goldman Sachs Group Inc, are meeting with top regulators in Beijing in a sign that the trade war with the US has done little to derail China’s opening of its $43 trillion financial system.

Among those scheduled to attend on Friday at the Ritz-Carlton hotel on the city’s Financial Street will be Yi Gang, governor of the People’s Bank of China and senior officials from the China Securities Regulatory Commission, according to the meeting’s agenda, which was seen by Bloomberg.

Even as the trade war rages, China has continued

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First Published: Sep 27 2019 | 8:51 AM IST

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