Comments By Alex McDonald, CEO European Venues And Intermediaries Association, On China Offering To Open Its Financial Markets Before US Trade Talks

Commenting on the announcement that China is offering to open its economy before US trade talks, Alex McDonald, CEO of the European Venues and Intermediaries Association (‘EVIA’) which promotes and enhances the value and competitiveness of Wholesale Market Venues, Platforms and Arranging Intermediaries, said: “Our industry is working to develop several aspects of the ongoing internationalisation of the RMB, notably London Bond Connect, which will follow the equity version that is already open. This will enable infrastructures to match international capital with the deepening Chinese sovereign and corporate debt markets. Our joint committee under the auspices of the PBOC and the Corporation of London published a quarterly statistics and news journal which details the progress being made.”