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Press Center
2007 FIA Asia Press Release
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RELEASE DATE: 10/02/2007
FIA Joins "Engage China" Coalition
The FIA has joined a coalition of financial services trade associations called Engage China that is working to increase market access in China for U.S. financial services firms. The coalition, which was formed in the fall of 2006, supports the goals of the U.S.-China Strategic Economic Dialogue, an official process of bilateral meetings that provides a framework for the examination of long-term strategic issues as well as the coordination of ongoing policy discussions. The eight other members of the coalition are: American Bankers Association, American Council of Life Insurers, American Insurance Association, Council of Insurance Agents and Brokers, Investment Company Institute, Financial Services Forum, Financial Services Roundtable, and Securities Industry and Financial Market Association. The coalition is currently planning a trip to Beijing in November 26-30 to meet with financial market regulators to discuss opening and modernizing China's capital markets.
"We are delighted to join the Engage China coalition and look forward to participating in the coalition's campaign to further integrate China's financial system into the world economy," said John Damgard, President of the Futures Industry Association. "China's commodity futures exchanges in Dalian, Shanghai and Zhengzhou rank among the world's most active futures markets. The FIA's member firms view China as a tremendously important potential market and they are actively working to apply their expertise in trading technology and risk management to the needs of Chinese customers. By the same token, our member firms are ready and willing to facilitate access for Chinese institutions to futures markets in London, Chicago, New York and elsewhere. In our view, more open access is a win-win for both sides."
www.engagechina.com
2006 FIA Asia Press Release
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