Trade and tariffs grabbed most of the headlines from the phase one trade agreement signed by President Donald Trump and China’s Vice Premier Liu He on Wednesday in Washington. But U.S. banks and financial services companies have also benefited, with Beijing pledging to reduce barriers to entry and speed up approvals of applications for business licenses.
What the Phase One Trade Deal Means for Financial Services
Beijing pledges to reduce barriers to entry, speed up approvals
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- In the first phase of the phase one trade agreement between China and the United States, the two sides stressed the importance of respecting each other's monetary policy autonomy and maintaining a market-determined exchange rate system.
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