Lobbyists for the U.S. financial-services industry, including representatives from SIFMA, are in Beijing to encourage China's top regulators to open up its markets to increased foreign competition. China's lack of financial and retirement products for consumers and other obstacles have resulted in about $2 trillion worth of "mattress money," estimates David Strongin, SIFMA managing director. "We'd like to unleash that capital," he said.

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