Private Banking

Wall Street banks expand business to China

In reaction to a trade deal with the Trump administration, China allows American banks to expand their operations with hopes of attracting foreign investors into China and helping Chinese people buy assets overseas.

With China having the world’s second largest economy, Wall Street banks are thrilled and rushing to seize this opportunity regardless of the complications. Although American banks are eager for this new authorization, they are aware that China can revoke their right to do business any time.