China’s He Lifeng Meets Invesco CEO Schlossberg, Touts Financial Opening

The signal here is less the meeting itself than the framing: a vice-premier pitching financial-sector opening to a US asset manager's CEO, with the 15th Five-Year Plan positioned as the vehicle. For foreign managers weighing China exposure, high-level access is the easy part; the operative question is whether the openness rhetoric translates into concrete licensing, distribution and capital-account terms. Invesco's stated willingness to expand cooperation is a diplomatic courtesy until it shows up in filings or fund launches. Watch whether other global managers get comparable access, and whether follow-through appears in actual business decisions rather than readouts.