Bessent and China's He to Meet Sunday at JPMorgan Headquarters

Treasury Secretary Bessent and China's He Lifeng are set to meet on Sunday at JPMorgan Chase's headquarters, Reuters reported, adding another round of direct engagement between Washington and Beijing.

The meeting puts the two economies' senior financial officials in the same room as trade, technology and currency questions continue to shape the relationship. Treasury has long served as a central channel for those discussions, and talks at this level are typically watched for signs of how far either side is prepared to move.

Holding the talks at a large bank's offices rather than a government building is notable, reflecting how closely the private sector follows the state of US-China relations. Financial firms have pressed for predictability between the two countries, since uncertainty over tariffs and market access feeds into lending, investment and trading decisions.

Neither side has publicly outlined an agenda, and no details about the scope of the conversation have been released. Investors will likely treat any readout as a gauge of whether the dialogue is producing concrete results or mainly keeping channels open. Any joint statement or summary would draw immediate scrutiny from currency and bond markets.