Delegation will meet with government and business leaders, deliver speech, and hold press roundtable in Beijing

WASHINGTON, D.C. – Representatives of the Engage China Coalition will visit Beijing, Shanghai, and Hong Kong, Monday, January 24 through Friday, January 28 to meet with Chinese government and business leaders. During meetings with regulators and ministry officials with oversight of the economy and financial sector, the coalition will encourage continued financial sector reforms in China, encourage the Strategic & Economic Dialogue (S&ED) process, and work to strengthen economic ties between the two nations.

Engage China is a coalition of twelve leading financial services trade associations united in our view that active 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. In particular, the coalition is strongly of the view that continued reform and modernization of China’s financial sector is critical to China achieving its economic goals of maintaining high rates of growth and job creation, building a more services-based, consumer-driven economy, reducing poverty, and ensuring a more equitable distribution of opportunity and prosperity.

While in China, the coalition members will reinforce the view that accelerated progress toward greater openness and modernization of China’s financial sector is the key to more diversified and sustainable long-term growth of China’s economy and to resolving certain outstanding issues that have complicated the U.S.-China economic relationship, such as the trade imbalance and China’s currency policy. As we strive to achieve our goals of strong, sustainable job growth, and a doubling of U.S. exports within the next five years, productive engagement with China is essential. China’s growing middle class represents many opportunities to U.S. By providing the financial products and services that China’s citizens and businesses need to save, invest, insure against risk, and consume at higher levels, U.S. financial institutions are helping to expand a vast new market for American-made products and help create jobs for American workers.

While in Beijing, Forum President and Chief Operating Officer and Engage China Chair Rob Nichols will deliver a speech at the China International Futures CO. (CIFCO) on Wednesday, January 26th at 3:30 p.m. Mr. Nichols’ speech will focus on ways to build upon the critical U.S.-China economic partnership – one of the most important bilateral relationships in the world. His speech also will touch upon ensuring greater market-opening reforms in China’s financial services, which will benefit China and the U.S.

Immediately following the speech at 4:30 p.m., the Engage China delegation will hold a roundtable discussion with members of the local and foreign press. Those who wish to attend the press roundtable should contact Ellen Liu at 86-158-0137-3981,

What: Engage China Coalition Speech by Forum President and COO Rob Nichols, followed by a press roundtable
When: Wednesday, January 26, 2011
Time: Speech: 3 p.m., Press Roundtable: 4:30 p.m.
Where: CIFCO, No. 16 Guanghua Road, Chaoyang District, Beijing, China