Some Of The Fruits From The First Three Dialogues

2008-6-18  |     NEWSPAPER EDITION

THE First

December 14-15, 2006, Beijing

Both agree that NYSE and NASDAQ should open offices in China.

China agrees to participate in government steering committee of the FutureGen project.

THE US agrees to support China's membership in the IADB.

Both agree on financing to support US exports to China.



THE Second

May 22-23, 2007, Washington

China agrees to resume licensing securities companies and would announce to gradual expansion of the business scope of qualified joint-venture securities companies; increase the total quota for Qualified Foreign Institutional Investors to US$30 billion; allow some foreign incorporated banks to issue yuan bank cards; and allow foreign property insurance companies to apply for conversions into subsidiaries.

Both sides agree to expand the existing bilateral aviation agreement, and there was a joint declaration to launch the Chinese group leisure travel to the United States.

Both announced an agreement for voluntary energy efficient product endorsement labeling (EnergyStar) certification.



THE Third

December 12-13, 2007, Beijing

China agrees to allow qualified foreign-invested companies, including banks, to issue yuan-denominated stocks; qualified listed companies to issue yuan-denominated corporate bonds; and qualified incorporated foreign banks to issue yuan-denominated financial bonds.

Both sign a memorandum of understanding strengthening cooperation in the area of biomass resources conversion for fuel, and negotiate a memorandum of understanding to cooperate on combating illegal logging and associated trade.

Both commit to communicate on measures to address economic imbalances through dialogue and consultation.

Both agree to continue communication and information sharing on significant economic and financial developments.

Financial supervisory agencies in both countries agree to continue exchanges.