Financial liberalization and reform of pension funds in China seem to make US business gender more interested in cooperation with Beijing.0: 00/2: 37 Southern subdomains of VND 100 yuan in Beijing , China. Photo: AFP / VNA to US-senior enterprises and senior officials have reconnected exposure to organize a new "round table" encounter on financial issues. Bloomberg led the gutay sources to believe that the Financial Round Desk (The China-u.S
.Financial Roundtable - CUFR) could take place in the fall, a year after the last meeting in October last year. According to these sources, co-chair at the meeting with China is Mr. John Thornton - Executive President of Barrick Gold Mining Company and also former Goldman Sachs Bank President
A group of affected businesses Large on the financial market proposed the initiative to reconnect the discussions between the two countries in the framework of the CUFR mechanism was established in 2018. CUFR's activities have been criticized by the White House It supposed to put pressure on former President Donald Trump on the end of the trade war with China. Nearly, China has expanded the "door" to the domestic market for foreign financial institutions, aimed at Attract new investments. Beijing hopes that this country will improve images and improve competitiveness in the field of investment and banking. In the interview of Sputnik, experts from Russian Strategic Research Institute (RISI) Mikhail Beyaev Note that China has expanded the allowing foreign professionals to audit the financial statements of Chinese companies, while affirming the willingness to develop international cooperation in the field of accounting. These measures increase the concerns of American finance about cooperation with China. Mikhail Beyaev said China could expand the door to foreign capital into sensitive strategic areas. This helps to improve the international prestige of the Chinese financial market. The domestic financial market is no longer seen as a closed area that only works in the Chinese territory which is part of the international financial market. China allows international auditors to confirm active Business activities in the fields of finance and industry in accordance with international standards will enhance China's global and prestigious positions
And open spirit, supporting foreign businesses, especially US businesses, more easily operating in the Chinese market will attract investment in this market. Concerns of partners The United States to organizing a new financial round meeting with China may be because these companies want to expand the presence in the Chinese financial services market. The reform activities of China's pension fund also opened up many new opportunities for foreign financial institutions. This way allows to transfer the savings amount accumulated in the pension fund into long investments term. Besides, cooperating with foreign companies can help China build a more mature stock market ./. VNA . Dịch vụ:
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