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Wednesday, November 30, 2022

Wall Street group to revive talks with China to find common ground- Bloomberg News

(Corrects reference in second paragraph to Thornton’s background)

(Reuters) – A group of Wall Street veterans is preparing a new round of meetings with high-level Chinese government officials before the end of the year, as they look for greater access to the country, Bloomberg News reported on Wednesday.

Barrick Gold Corp Chairman John Thornton, who is also a veteran of Goldman Sachs Group Inc, is in Beijing meeting with high-ranking Chinese officials, Bloomberg said https://bloom.bg/2WhQ63E, citing two people with knowledge of the matter.

According to Bloomberg, Thornton is one of the chairs of the influential group dubbed China-U.S. Financial Roundtable that was conceived during escalating tensions between the U.S. and China in 2018, with the talks featuring emissaries from U.S. finance and senior Chinese regulatory officials.

Previous meetings between Chinese officials and Wall Street banks have included participants such as BlackRock, Vanguard, JPMorgan and Fidelity.

(Reporting by Bhargav Acharya in Bengaluru; Editing by Kim Coghill)

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