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Wall Street, China to revive talks in hunt for common ground

Bloomberg
Bloomberg8/25/2021 4:53 PM GMT+08  • 3 min read
Wall Street, China to revive talks in hunt for common ground
The US and China are grappling with protracted standoffs on market access, data security and international stock listings
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A contingent of Wall Street veterans and high-level Chinese government officials are seeking to open up talks again, as business leaders work outside of the Biden administration for greater access to the world’s most populous country.

An influential group conceived during escalating strains between the US and China in 2018 is preparing a new round of meetings before the end of the year, according to a person with knowledge of the matter. The talks, featuring emissaries from U.S. finance as well as senior Chinese regulatory officials, had taken a backseat amid the raging pandemic.

The US and China are grappling with protracted standoffs on issues such as market access, data security and international stock listings. China’s most recent crackdown on a number of its own companies burned international investors, further puzzling the US business community, which is seeking more clarity on the recent moves from Beijing.

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