Goldman Sachs president urges market reforms to boost Shanghai’s financial hub role

Goldman Sachs president John Waldron has called on China to loosen foreign exchange rules, ease cross-border data restrictions and improve regulatory transparency as the country’s policymakers seek to strengthen Shanghai’s role as an international financial centre. Waldron, also the investment bank’s chief operating officer and widely seen as a front runner to succeed its current CEO David Solomon, expressed confidence in the city’s potential at an annual meeting of business leaders advising the...