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An Agenda for China and the United States

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June 23-25, 2006 • Tianjin, China

The third annual China-U.S. Symposium was held at the Renaissance Tianjin TEDA Hotel and Convention Center in Tianjin, China. Sessions considered the rights of minority shareholders in China, the value of strategic partnerships in the Chinese financial sector, and U.S. government responses to Chinese acquisitions and to alleged currency manipulation. Participants agreed that China had made important progress in financial regulation and supervision, but that there was significant room for improvement. This was seen as important, given the rapid rise of the Chinese financial sector and the 2007 opening of banking to foreign competition under the terms of China’s WTO accession agreement. With regard to U.S. government responses to acquisitions and alleged currency manipulation by Chinese authorities, discussion focused on structural macroeconomic issues in both countries. Participants expressed concern about the sustainability of the resulting imbalances, and called for renewed attention to domestic imbalances in both the United States and China. 

Topics
•  Protection and Enforcement of the Rights of Minority Shareholders in Public Companies
•  The Value of Strategic Partnerships in the Chinese Financial Sector
•  U.S. Barriers to Chinese Acquisitions (CFIUS) and Trade Sanctions for an "Undervalued" Currency

Keynote Speakers: 
• WU Xiaoling, Deputy Governor, People's Bank of China
• David P. Loevinger, Minister-Counselor for Financial Affairs, U.S. Embassy
• Ambassador Clark T. Randt, Jr., U.S. Ambassador to China, U.S. Embassy
• GUO Shuqing, Chairman, China Construction Bank and Former Deputy Governor of the People's Bank of China
• DAI Xianglong, Mayor of Tianjin and Former Governor of the People's Bank of China

Symposium Materials
Agenda
Final Report
• Final Presentation

2006 China-U.S. Symposium Sponsors

Lead Sponsors:
• AIG
• Bank of China
• China International Capital Corporation Limited (CICC)
• Citigroup
• Deloitte
• Morgan Stanley
• TEDA

Sponsors:
• Bingham McCutchen Murase
• BlackRock
• Chicago Mercantile Exchange
• Davis Polk Wardwell
• Lehman Brothers
• Moody’s Corporation
• State Street Bank
• The Tudor Group
Last modified: December 10, 2013

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