Washington, D.C., December 13, 2019 – SIFMA today released the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, regarding agreement between the United States and China on a phase one trade deal:

“SIFMA welcomes news that the United States and China have reached a conclusion to their trade and investment discussions and commends the Trump administration for securing this critical outcome. Securing a level playing field in China’s market for U.S. based financial services firms is a long-standing goal of SIFMA. We will examine this agreement closely and are eager to learn more about plans for its implementation.”

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SIFMA is the leading trade association for broker-dealers, investment banks and asset managers operating in the U.S. and global capital markets. On behalf of our industry’s nearly 1 million employees, we advocate for legislation, regulation and business policy, affecting retail and institutional investors, equity and fixed income markets and related products and services. We serve as an industry coordinating body to promote fair and orderly markets, informed regulatory compliance, and efficient market operations and resiliency. We also provide a forum for industry policy and professional development. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA). For more information, visit http://www.sifma.org.