Citigroup CEO Jane Fraser Meets 2 Chinese Regulators as U.S. CEOs Chase Post-Summit Deals
Updated
Updated · Reuters · May 16
Citigroup CEO Jane Fraser Meets 2 Chinese Regulators as U.S. CEOs Chase Post-Summit Deals
6 articles · Updated · Reuters · May 16
Jane Fraser met China’s securities regulator chief Wu Qing and Beijing party secretary Yin Li, with talks centered on wealth management, cross-border financing and broader capital-market opening.
Citi is seeking to deepen its mainland presence after leaving a joint venture and filing in 2023 for a wholly owned securities brokerage, which still awaits Chinese approval.
Several U.S. CEOs from Boeing, GE Aerospace, Goldman Sachs, Visa, Cargill and Qualcomm also held meetings with Chinese ministries and regulators as Trump’s business delegation tried to turn summit goodwill into commercial gains.
Trump said China agreed to buy 200 Boeing jets and 400-450 GE Aerospace engines, potentially rising to 750 planes, though analysts noted his Beijing visit has so far produced fewer concrete deals than in 2017.
With China unconfirmed on huge Boeing and GE orders, are these deals real or just diplomatic theater?
Did President Xi's stark warning on Taiwan reveal that all U.S. business gains in China are ultimately conditional?
As Citigroup gains full market access, is this a genuine opening or a golden cage for Wall Street in China?