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

Chinese Vice Premier He Lifeng met with Dan Simkowitz, Co-President of Morgan Stanley, in Beijing on Wednesday for high-level talks centered on economic cooperation and market access. The meeting highlighted China's ongoing commitment to high-quality development and deepening global economic integration, according to statements from officials present.

During the meeting, He Lifeng—who also serves as a member of the Political Bureau of the Communist Party of China Central Committee—emphasized China's intent to invigorate both its own economy and that of the world by fostering high-level opening up. He specifically invited more U.S.-funded financial firms and long-term capital managers, including Morgan Stanley, to strengthen their engagement within China's expanding capital markets. "We welcome continued, mutually beneficial cooperation," He remarked, calling upon international financial institutions to actively participate in China's ongoing capital market reforms and infrastructure development.

Dan Simkowitz expressed optimism regarding the current trajectory of U.S.-China economic relations, noting satisfaction with the recent progress achieved in economic and trade discussions between the two countries. He affirmed Morgan Stanley's commitment to the Chinese market, stating the firm would maintain its focus on delivering high-quality financial services to promote further investment collaboration between American and Chinese enterprises.

The dialogue between high-ranking Chinese officials and senior U.S. financial executives comes at a pivotal time in global economic affairs, as both nations seek to stabilize and expand channels for cross-border investment. The exchange underscores the significance of maintaining open communication and building trust, which leaders say will be critical in navigating evolving market conditions and regulatory environments. This momentum is expected to encourage additional foreign investment into China while enhancing opportunities for partnership and growth within the international financial sector.