Financial Cold War? A View of Sino-US Relations from the Financial Markets

The most consequential great power relationship of the 21st century is that of China and the United States. Countless commentators assert regularly that Beijing and Washington are now firmly locked in a trajectory of strategic competition in military, economic and technological domains. A perspective that is not commonly examined, however, relates to the role of financial markets in enabling and constraining US-China competition.

How does international finance intersect with geopolitics in the 21st century? What role do financial markets play in the accelerating rivalry between China and the US? Following the publication of James Fok’s book, Financial Cold War: A View of Sino-US Relations from the Financial MarketsLSE IDEAS China Foresight hosts a webinar to analyse the impact of financial markets on the creation and amplification of US-China competition.



This webinar was held on Thursday 10 March 2022.

Meet the speakers and chair

Joyce Chang is Chair of Global Research for J.P. Morgan’s Corporate and Investment Bank, a global leader in Banking, Markets and Investor Services. J.P. Morgan’s Global Research professionals study all sectors in which the firm does business, including equities, fixed income, currency and commodities, emerging markets, derivatives and structured finance. The Global Research team has been named the top global research firm for 2021 by Institutional Investor. Joyce was most recently Global Head of Research, a role she held for more than five years (2014-2019). She was previously Global Head of Fixed Income Research and began her career as an Emerging Markets Strategist. 

James Fok is a veteran financial and strategic advisor to corporations and governments. He served as a senior executive at Hong Kong Exchanges and Clearing (HKEX) from 2012 until 2021, during a period of rapid internationalisation in China's capital markets. Prior to HKEX, Mr. Fok worked as an investment banker in both Europe and Asia, specialising in the financial services sector. He has written and spoken extensively about market structure issues and the intersection between geopolitics and international finance.

Lutfey Siddiqi is an Adjunct Professor at National University of Singapore and a Visiting Professor in Practice at LSE IDEAS. Previously Global Head of Emerging Markets for Foreign Exchange, Rates & Credit at UBS Investment bank and Managing Director at Barclays bank. World Economic Forum: Young Global Leader (2012), Global Futures Council (2014-current). Advisory boards: LSE Systemic Risk Centre, Centre for Governance (Singapore); CFA Future of Finance, Bretton Woods Committee.

Event hashtag: #LSEChina

LSE IDEAS (@lseideas) is LSE's foreign policy think tank. Through sustained engagement with policymakers and opinion-formers, IDEAS provides a forum that informs policy debate and connects academic research with the practice of diplomacy and strategy.

"Wall Street" by Sjoerd van Oosten is licensed under CC BY-NC-ND 2.0.