China’s Securities Regulator: Biden offers an opportunity for better China-US relations

US President-elect Joe Biden offers an opportunity for better China-US relations, Fang Xinghai, Vice-Chairman of the China Securities Regulatory Commission (CSRC), said in a statement on Tuesday.

• China and the united states are cooperating well in the finance sector
• The U.S needs more patience dealing with China
• China is protecting its legitimate interests.
• The U.S can do a lot for China in financial services. 
• Thinks should be able to resolve accounting issues with Chinese firms during Biden administration in the US.
• Asked whether Ant IPO will eventually go ahead, says that depends on how the government restructures the regulatory framework on fintech. 
• Hopes US-China relationship will be a much better state by the end of 4 years of Biden administration than it is today.