Wall Street to Bypass Washington in High-level Talks with Beijing

Wall Street to Bypass Washington in High-level Talks with Beijing

(Bloomberg) A group of Wall Street business leaders is planning high-level meetings with officials drawn from the Chinese government amid strained relations with Washington.

The meetings are set to discuss potential standoffs ranging in market access, international stock listings, and data security.

Dubbed the China-US Financial Roundtable, the influential group was formed in 2018 at the height of Washington and White House strained relations but was stopped by the Covid-19 pandemic.

The meetings, set to occur before the end of the year, happen at a time China seeks to open its financial markets to Wall Street and resolve an impasse with the US.

Past meetings of the influential group drew representatives from Blackstone Inc. JPMorgan, Goldman Sachs, and Morgan Stanley.

SPY is up +0.031% on premarket, CSI 300 is up +0.20%, USDCNY is up +0.06%.

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