China’s securities regulator has sought to ease concerns among international investors and banks after tough new restrictions on private education companies sent shockwaves through markets.
Regulators in Beijing held a call with executives from global investors, Wall Street banks and Chinese financial groups on Wednesday night, according to three people familiar with the matter. One of the people said there were about 12 attendees including executives from BlackRock, Fidelity, Goldman Sachs and JPMorgan.
The call sought to reassure the groups after China issued an effective ban on the country’s $100bn private tutoring industry at the weekend, which led to concerns of a broader regulatory crackdown on Chinese tech companies listed abroad.