September 18 (Reuters) – China’s top guarantor has defended Wall Street executives in private meetings with various industries, Bloomberg News reported on Saturday.
Concerns over the arrests have led to higher sales in Chinese stock markets, which has reduced market capitalization of some of its largest companies, including Alibaba Group Holdings Limited (9988.HK).
During the meeting, Fang Shanghai, vice chairman of the China Securities Regulatory Commission (CCCC), said the report cites people who know the issue to strengthen regulations for companies with parallel forums and improve information privacy and national security.
The three-hour meeting of the China-US financial round table was held on Thursday by the head of the People’s Bank of China and Goldman Sach Group Inc. (GSN), Sitadel and other Wall Street power plants, Bloomberg reported.
CSRC could not be reached immediately for comment.
Goldman Sachs declined to comment, and Sedadel did not immediately respond to a request for comment.
In recent months, Chinese investors have been misled by international investors, ranging from technology, sports and private education.
According to Fang, the superintendent’s actions in the education and sports sectors are aimed at reducing stress in the community.
A report by Bengalru on Ishwaria Niger; Edited by Simon Cameron-Moore
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