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flag China’s ambassador demands fair U.S. treatment for its financial firms, citing U.S. successes in China.

flag Chinese Ambassador Xie Feng urged the U.S. to create a fair and open environment for Chinese financial institutions, highlighting U.S. firms' successes in China—like J.P. Morgan Securities becoming the first wholly foreign-owned securities company and BlackRock launching the first foreign-owned mutual fund—as evidence of China’s financial openness. flag He called for reciprocal treatment, stressing that cooperation, dialogue, and stability are vital for the U.S.-China relationship amid global challenges.

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