Steps intended to boost regulations and improve data privacy as well as national security, Wall Street executives told
Steps intended to boost regulations and improve data privacy as well as national security, Wall Street execs toldChina’s top regulators defended their market-roiling crackdown on various industries in a meeting with Wall Street executives, while reassuring them the stricter rules are not aimed at stifling technology companies or the private sector.
Fang defended the moves such as those aimed at the education and gaming industries as meant to reduce social anxiety. The three-hour meeting of the China-US financial roundtable on Thursday included the head of the People’s Bank of China, and executives from Goldman Sachs Group, Citadel and other Wall Street powerhouses, according to people familiar with the talks. The meeting marked the resumption of the roundtable that was first convened in September 2018.
China’s State Council, the country’s cabinet, said in July that rules for overseas listings will be revised and there will be more regulatory oversight of companies trading in offshore markets.
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