Chinese officials said they are accelerating efforts to open financial markets and encourage foreign flows after reports the White House deliberated limiting U.S. investments in China.
"It is necessary to further expand the high-level two-way opening of the financial industry, encourage overseas financial institutions and funds to enter the domestic financial market, and enhance the vitality and competitiveness of China's financial system," the Financial Stability Development Committee of the State Council said in a statement on Sunday.to limit U.S.
U.S. Treasury assistant secretary for public affairs, Monica Crowley, said in a statement over the weekend that "the administration is not contemplating blocking Chinese companies from listing shares on U.S. stock exchanges at this time."
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