China tells Morgan Stanley it welcomes more US financial institutions, Xinhua reports

China is encouraging more financial engagement with the United States. Vice Premier He Lifeng said that China welcomes more U.S. financial institutions and long-term capital to expand partnerships. The official Xinhua news agency reported this aft...

By Reuters | Updated: May 29, 2025, 12.34 AM IST

China's Vice Premier He Lifeng told Morgan Stanley Co-President Daniel Simkowitz that Beijing welcomes more U.S. financial institutions and long-term capital to deepen cooperation, the official Xinhua news agency reported.

He said at a meeting in Beijing that U.S. financial institutions, including Morgan Stanley, are welcomed to actively participate in the development of China's capital market.

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