Understanding the Scope: U.S.-China Financial Investment, a Report of the U.S.-China Investment Project 
with Dan Rosen, Adam Lysenko, Constance Hunter, and Mark Wiedman

Shanghai Exchange

TIME: Tuesday, January 26, 2021, 4:00 - 5:30 p.m. EST 

PLATFORM: Zoom webinar (call-in information will be provided following event sign-up)

DESCRIPTION: Much of the discussion on two-way investment between the United States and China in recent years has focused on declining bilateral FDI and VC investment. But there is another piece of the bilateral investment story – portfolio investment – that has gone relatively under-reported, despite investment stocks that are orders of magnitude higher than VC and FDI. As the United States and China contemplate policies that would limit future bilateral portfolio investment flows, an understanding of the true scope of U.S.-China portfolio investment integration is critical.

Join the National Committee on Tuesday, January 26 at 4:00pm EST as Rhodium Group’s Dan Rosen and Adam Lysenko roll out the latest addition to the Two-Way Street report series to add new transparency to this portfolio investment discussion. In a conversation moderated by National Committee President Stephen Orlins, Rosen and Lysenko will be joined by KPMG Chief Economist Constance Hunter and BlackRock Senior Managing Director Mark Wiedman to discuss the report's implications.

After a brief discussion of China's history of portfolio investment integration with the world, the presenters and discussants will offer an appraisal of the true scope of U.S.-China bilateral portfolio securities investment holdings at the end of 2020. Rhodium’s findings show that the true value of U.S.-China bilateral portfolio securities holdings are many multiples of the combined $550 billion most recently reported by the U.S. Treasury, for example, and that U.S. holdings of Chinese securities alone may top $1 trillion. Finally, the speakers will assess the outlook for U.S.-China portfolio investment given recent market and policy developments in both countries.

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