ITC: U.S. operations in China increasing as Beijing tweaks its rules

Recent regulatory liberalization in China may be leading some U.S. financial companies to boost their presence there, the U.S. International Trade Commission found in a report released on Tuesday. The ITC’s annual report on “recent trends in U.S. services trade” focused on financial services in the banking, insurance and securities industries. The report analyzes cross-border trade in services through the latest transaction data available from 2017 and 2018, the ITC said in a statement. The report includes recent, notable trends...