Chinese Vice Premier Invites U.S. Financial Firms to Expand Presence in China's Growing Market

Chinese Vice Premier He Lifeng held talks in Beijing with Dan Simkowitz, Co-President of Morgan Stanley, on Wednesday, underscoring a renewed commitment to economic cooperation between China and the United States. In the meeting, He Lifeng emphasized China's dedication to high-quality development through what he termed high-level opening up, signaling opportunities for global businesses and reiterating that such openness is set to invigorate both the Chinese and the broader global economy.

He Lifeng, who is also a senior figure in the Communist Party leadership, extended a warm invitation to financial institutions from the United States, including Morgan Stanley, encouraging these firms and their long-term capital to further engage with the growing Chinese market. He stressed the importance of mutually beneficial cooperation and called for more active participation by U.S.-funded organizations in the ongoing construction and advancement of China's capital markets.

Dan Simkowitz expressed his satisfaction with the substantive progress achieved in recent U.S.-China economic and trade negotiations. He affirmed his company’s continued focus on the Chinese market, pledging to offer high-quality financial services that promote investment cooperation between American and Chinese enterprises. The meeting highlighted a shared willingness to foster stability and collaboration, reflecting broader efforts to ease tensions and deepen engagement between the world’s two largest economies.

The discussions come at a pivotal time for global finance, as both nations look to navigate complex geopolitical dynamics while seeking channels to boost trade, investment, and financial innovation. With China reaffirming its stance on openness and reform, eyes remain on how such engagements will shape future cross-border investment flows and contribute to international economic recovery.