News Snapshot:
Chinese financial regulators and Wall Street executives discussed pursuing transparency and long-term stability at a top-level virtual meeting amid rising market turmoil and political tension. The three-hour meeting of the China-US Financial Roundtable on Thursday included the head of the People’s Bank of China, and executives from Goldman Sachs Group Inc., Citadel and other Wall Street powerhouses, according to people familiar with the talks, who asked not be named because the meeting was private. They also agreed to continue a two-way dialogue and increase inter-connectivity, while the importance of consistent rulemaking was also discussed, the people said. The meeting marked...
