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WASHINGTON, DC – Engage China, a coalition of 12 financial services trade associations united in support of high-level engagement with China with an emphasis on greater market access and continued financial sector reform in China, and the U.S. Chamber of Commerce submitted a letter yesterday to Treasury Secretary Timothy Geithner that strongly encourages him to ensure that continued financial reform and modernization in China – including greater foreign participation – will be a priority item at the upcoming U.S.-China Strategic and Economic Dialogue (S&ED) on May 3rd-4th. The letter further outlines U.S. financial services priorities for the S&ED.
In their letter, the groups write: “We believe a continued and coordinated Administration strategy is critical if U.S. financial services firms are to achieve a level playing field and increased opportunities in China.”
The Engage China Coalition includes the American Bankers Association, the American Council of Life Insurers, American Insurance Association, BAFT-IFSA, The Council of Insurance Agents & Brokers, The Financial Services Forum, The Financial Services Roundtable, The Futures Industry Association, The Investment Company Institute, Insured Retirement Institute, Property Casualty Insurers Association of America, and Securities Industry and Financial Markets Association.
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