Financial services industry send Ross, Mnuchin priorities for China dialogue

A coalition of financial services industry groups wants top administration officials, during next week’s Comprehensive Economic Dialogue, to press Beijing on foreign equity caps, the implementation of China’s Cybersecurity Law, market access and restarting bilateral investment treaty talks. “Specifically, we believe that addressing the long-standing ownership caps that U.S. financial services firms face should be a top priority for the two sides,” the Engage China Coalition wrote in a July 13 letter to Commerce Secretary Wilbur Ross and Treasury Secretary...