Top US bank to bet more on China

US investment bank Goldman Sachs Inc will continue to invest in its China business as it expects greater liberalization of the Chinese financial services industry, Lloyd Blankfein, chief executive of the bank, said on Thursday.

Blankfein said that the investment banking industry in China "should be given more freedom" as it is the basis for the success of other industries by providing financing, risk management and advice on business reorganization.

The chief of Goldman expressed optimism about the prospects for the bank's business in China, as the country's economy will continue to grow steadily and the China-US relationship is off to a good start after the meeting between President Xi Jinping and his US counterpart Donald Trump in April.