US 'frankly raised' disagreements with China at first financial working group meeting

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Financial stability, supervision and regulation were discussed at the meeting. Read more at straitstimes.com.

WASHINGTON - US officials “frankly raised areas of disagreement” with China at the first meeting of a new financial working group, where financial stability, supervision and regulation were discussed, the US Treasury said on Wednesday.

“The two-hour virtual meeting included a substantive and wide-ranging discussion on domestic and global financial stability, financial supervision and regulation, sustainable finance, and anti-money laundering and countering the financing of terrorism,” the Treasury said. The economic working group, led by senior officials from the Treasury and China’s Finance Ministry held its first meeting on Monday.

 

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