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 to strengthen economic ties and reinforce cooperation between China and the United States in the financial sector. The meeting comes at a time of renewed efforts by both nations to build trust and advance collaboration in international finance.

During the discussions, Vice Premier He emphasized China's steadfast commitment to promoting high-quality development through what he described as "high-level opening up." He expressed confidence that these initiatives would generate new momentum for both the Chinese and global economies, highlighting the critical role that foreign investment and expertise play in China's ongoing economic transformation.

He extended a warm invitation to U.S.-funded financial institutions, including Morgan Stanley, encouraging them to increase their involvement in China's rapidly evolving capital market. "We hope you will continue to deepen mutually beneficial cooperation and actively participate in the construction and development of China's capital market," He said, reiterating China's openness to international capital and long-term partnerships.

Dan Simkowitz expressed optimism regarding the progress made in recent U.S.-China economic and trade talks, noting that ongoing dialogue has led to substantive breakthroughs in several key areas. He reaffirmed Morgan Stanley's intention to maintain a strong focus on the Chinese market, pledging to deliver high-quality services that will support further investment and cooperation between American and Chinese enterprises.

The meeting is widely seen as a positive signal to the global financial community, reflecting both sides' willingness to foster an environment conducive to cross-border investment and economic integration. With growing interest from international investors, China's capital markets continue to be an attractive destination for global financial firms seeking new growth opportunities and robust returns.

As economic ties between the two countries remain a focal point for global investors, such high-profile meetings underscore the importance of sustained dialogue and collaboration in shaping the future of global finance.