Download PDF June 1, 2016 The Honorable John Kerry Secretary, U.S. Department of State 320 21st St NW Washington, DC 20451 The Honorable Jacob Lew Secretary, U.S. Department of Treasury 1500 Pennsylvania Ave NW Washington, DC 20220 [...]
"In anticipation of the upcoming U.S.-China Strategic and Economic Dialogue (S&ED) meetings in Washington, we write to re-emphasize the critical importance of continued accelerated reform and modernization of China’s financial system, including a level playing field for foreign participants in China’s financial services marketplace. Additionally, we ask you to raise the mounting urgency of addressing threats to cyber and technology security in the context of China’s asserted national security policies."
"In anticipation of your upcoming November 10-12 trip to Beijing and meeting with Chinese President Xi Jinping, we write to call your attention to the critical importance of accelerated reform and modernization of China's financial system, including a level playing field for foreign participants in China’s financial services marketplace. Additionally, we ask you to raise with President Xi the mounting urgency of addressing threats to cybersecurity."
"In anticipation of your participation in the upcoming Strategic and Economic Dialogue meetings in Beijing, we write to call your attention to the critical importance of a more open market and level playing field for foreign participants in China’s financial services marketplace."
The Engage China Coalition sent a letter to U.S. Commerce Secretary Penny Pritzker and United States Trade Representative Michael Froman in advance their participation in the Joint Commission on Commerce and Trade (JCCT) negotiations on December 19-20 in Beijing.
The Engage China Coalition sent a letter to Vice President Joe Biden ahead of his December trip to Beijing, which called attention to the critical importance of greater foreign participation in China’s financial services marketplace.
Dear Secretary Lew: The ENGAGE CHINA coalition writes to you in advance of your upcoming meetings in Beijing to express concern over the inability of our members to compete in China on a level playing field. Though China has undertaken recent reforms such as the establishment of the Shanghai Free Trade Zone and the expansion of the R-QFII program, our members continue to face numerous obstacles, including equity cap limitations, restrictions or prohibitions on business activities, licensing moratoriums, and opaque regulatory and discretionary licensing procedures. We urge you to raise the need for continued financial sector reform and modernization during your meetings this week. Download pdf
Dear President Obama, The ENGAGE CHINA coalition thanks you for your continuing efforts to strengthen one of the most important bilateral relationships in the world today – the U.S.-China economic relationship. In anticipation of your meeting today with President Xi Jinping, we write to call your attention to the critical importance of greater foreign participation in China’s financial services marketplace. In particular, we respectfully urge you to raise concerns about the unlevel playing field that US financial services firms face in China, and the need for continued modernization of China’s capital markets. Download pdf
Dear President Xi, The ENGAGE CHINA coalition congratulates you on your recent elevation to President of the People’s Republic of China and extends our very best wishes for your success. The coalition also thanks you for your continuing leadership to strengthen the relationship between the United States and China. ENGAGE CHINA is a coalition of twelve financial services trade associations united in our view that active engagement and cooperation between the United States and China remains the most constructive means of ensuring that the citizens of both nations mutually benefit from the growing bilateral economic relationship. Download pdf
Dear Mr. Secretary, In advance of the U.S.-China 2012 Strategic & Economic Dialogue (S&ED), the undersigned members of the ENGAGE CHINA coalition and The U.S. Chamber of Commerce write to respectfully urge you to ensure that continued financial reform and modernization in China– including greater foreign participation – will be a priority item on the S&ED’s agenda. We are strongly of the view that a sharp focus on continued reform is highly appropriate, given the importance of ongoing reform to China’s long-term growth prospects – and given the importance of a growing China to American manufacturers, service providers, and farmers. Download pdf