Business · Markets · 1 hr ago
Goldman Sachs president urges China to ease rules to strengthen Shanghai finance hub
Goldman Sachs president John Waldron has urged China to change some rules to strengthen Shanghai’s role as an international financial centre.
He spoke at a meeting of international business leaders advising the Shanghai government.
Waldron called for looser foreign exchange rules and fewer restrictions on data moving across borders.
He also urged greater regulatory transparency and said investors need rules that are clear, predictable and consistent.
China’s policymakers are seeking to make Shanghai a stronger financial hub.
Waldron said the city has the potential to become a leading global capital market centre.
The comments set out changes he believes could give global investors more confidence in putting money into the market.
Goldman Sachs president John Waldron urged China to loosen foreign exchange rules and ease restrictions on cross-border data.
He also called for greater regulatory transparency.
Waldron said these changes could help strengthen Shanghai’s role as an international financial centre.
He spoke at the 38th International Business Leaders’ Advisory Council meeting.
He said Shanghai has the opportunity to become a leading global capital market centre.
- Who
- John Waldron, president of Goldman Sachs.
- What
- He urged China to loosen foreign exchange rules, ease cross-border data restrictions and improve regulatory transparency.
- When
- Sunday; the article was published on October 12, 2026.
- Where
- At the 38th International Business Leaders’ Advisory Council meeting in Shanghai.
- Why
- To build confidence among global investors and strengthen Shanghai’s role as an international financial centre.
This story does not have two clearly opposing sides.
Shanghai has an enormous opportunity to become a leading global capital market centre
Transparency, predictability and consistency are the three most important things that generate confidence in global investors … to allocate capital to this marketplace versus other global opportunities.
This story does not have a timeline yet.
- Speaker
- John Waldron
- Company
- Goldman Sachs
- Meeting
- 38th International Business Leaders’ Advisory Council meeting
- Proposed changes
- Loosen foreign exchange rules, ease cross-border data restrictions and improve regulatory transparency
Sources
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