Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Friday, June 20
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Finance»China-US financial group set to meet in Shanghai – World
    Finance

    China-US financial group set to meet in Shanghai – World

    August 13, 20243 Mins Read


    A group of senior officials from the administration of United States President Joe Biden departed on Monday for Shanghai for another round of high-level discussions with their Chinese counterparts, to keep the economic and trade relationship between China and the US going, according to US media.

    They are expected to meet with Xuan Changneng, deputy head of the People”s Bank of China, and other senior Chinese officials, The New York Times and Bloomberg reported.

    The US delegation is led by Brent Neiman, the US Treasury Department’s assistant secretary for international finance, and will include officials from the US Federal Reserve and the US Securities and Exchange Commission.

    The talks are expected to take place on Thursday and Friday through the platform of the China-US Financial Working Group, with discussions planned on maintaining economic and financial stability.

    Charles Foster, vice-chairman of the George H. W. Bush Foundation for US-China Relations, said he welcomed the new talks.

    “It should be self-evident to both US and China leadership that dialogues between the US and China at a high level and under the auspices of the US-China Financial Working Group benefit the two countries with the largest economies in the world,” Foster told China Daily.

    “Working successfully together in areas where both countries have mutual interests can only be confidence-building measures that may allow the US and China to work together to resolve our differences in other areas where there are significant differences between our two countries,” Foster said.

    Neiman was quoted by US media as saying, “We intend for this financial working group meeting to include conversations on financial stability, issues related to cross-border data, lending and payments, private-sector efforts to advance transition finance, and concrete steps we can take to improve communication in the event of financial stress.”

    The Financial Working Group was created last year, along with an Economic Working Group, and directly reports to Chinese Vice-Premier He Lifeng and US Treasury Secretary Janet Yellen. Four Financial Working Group meetings have previously been held, and the Shanghai meeting will be the second to be held in China.

    Nicholas Tabor, deputy assistant secretary for international financial markets at the US Treasury Department, said at a symposium on the international financial system in Cambridge, Massachusetts, in June that the two countries had “begun to establish new channels for communication on financial policy” in 2023.

    The US and China are the two largest economies in the world and together account for some 40 percent of global banking assets, and are home to 12 of the world’s 30 banks considered most important to the global system, Tabor said. “The domestic financial stability of the US and China has significant implications for global financial stability, and our policies have an outsized effect on how financial risks evolve globally,” he said at the symposium.

    Tabor said the process of building new communication channels “has let Financial Working Group participants begin building the relationships necessary for a mutual understanding of policy, identify areas where cooperation can yield mutual benefits, and provide the space to communicate clearly about areas of disagreement.”

    Agencies contributed to this story.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleBWL Customers react to possible increase in utilities
    Next Article US stock index futures steady with CPI data in sight By Investing.com

    Related Posts

    Finance

    Lancement officiel du Women Entrepreneurs Finance Code au Maroc

    June 19, 2025
    Finance

    De la finance aux bijoux : Khaïden s’impose à Capbreton

    June 18, 2025
    Finance

    5 conseils pour une adoption efficace de l’IA

    June 18, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Action Ganglong China Property Group Limited | Cours 6968 Bourse Hong Kong S.E.

    July 31, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Bitcoin

    flounders around $67k amid weak sentiment, altcoins losses By Investing.com

    October 25, 2024
    Commodities

    Commodity market pricing reeks with a recessionary afterscent – TDS

    August 6, 2024
    Bitcoin

    VanEck Executive Matthew Sigel Predicts Bitcoin Recovery, Says Firm Is Gobbling Up BTC – Here’s Why

    August 21, 2024
    What's Hot

    Global Commodities Supercycle Gives Way To Electricity Supercycle

    January 16, 2025

    Budget 2024: With China’s real estate reforms in place, is it time for India to up the ante too in Budget?

    July 20, 2024

    le gouvernement investira bien les 15 milliards d’euros restants dans l’innovation

    April 10, 2025
    Most Popular

    Summit will showcase Wales to international investors

    October 13, 2024

    Essential Utilities (WTRG) Projected to Post Quarterly Earnings on Wednesday

    February 18, 2025

    Relève à la présidence du CA de Finance Montréal

    June 5, 2025
    Editor's Picks

    Got a nicely kept property? Tell Anaheim Beautiful for quarterly awards – Orange County Register

    August 15, 2024

    Trump seeks cryptocurrency industry support at bitcoin conference

    July 27, 2024

    Utilities Boost AI With Natural Gas Power for Microsoft, Meta, Amazon

    February 13, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.