Chinese officials meet Citigroup and Goldman Sachs chiefs in Beijing
Senior Chinese officials met the chief executives of Citigroup and Goldman Sachs in Beijing, in a signal that Wall Street's channels with the country remain open following the Trump–Xi summit. The meeting underscored Beijing's effort to reassure foreign investors.
Senior Chinese officials held a series of meetings in Beijing with the chief executives of Citigroup and Goldman Sachs. The talks came in the immediate wake of the Beijing summit between President Donald Trump and Chinese President Xi Jinping, and signalled that channels between large US banks and Chinese regulators remain open.
The Chinese side's agenda focused on reviving foreign direct investment and capital markets inflows that have slowed in recent years. The US bank executives raised questions on capital market reforms, the pace of Hong Kong listings, and the legal framework governing institutional clients' China operations.
The meetings did not produce a concrete deal announcement, but officials on both sides said they intended to keep the dialogue going. Wall Street is reassessing the medium-term outlook for its large China revenue streams, while Beijing is working to prevent further foreign capital withdrawal despite persistent geopolitical tensions.
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