Xi Jinping is expected to speak at a dinner for US business executives while in San Francisco.

A „senior Chinese official and his ministerial delegation” plan to attend a dinner with members of the US business community on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco, according to an invitation sent by two organizations dedicated to bilateral ties.

Bloomberg reported on Tuesday that Chinese President Xi Jinping was the leader, citing sources familiar with the matter. Bloomberg said the event will attract a large crowd, including top CEOs from Apec-based companies.

Interested parties were prompted to respond quickly to the call, with organizers suggesting there was high demand for tickets. The November 15 event is co-sponsored by the Asia Society, the Council on Foreign Relations and the American Chamber of Commerce.

High on Xi’s list of priorities during his U.S. trip is to reassure foreign investors who are increasingly nervous about doing business in China.

Although Beijing has not confirmed that Xi will attend the San Francisco summit, the White House has hinted at a meeting between the leaders next week. The Chinese Embassy in Washington did not immediately respond to a request for comment.

Washington has hosted several Chinese diplomats and top officials in the past few days, presumably to lay the groundwork for Xi’s visit and talks with President Joe Biden. Countries have discussed topics such as climate cooperation, nuclear arms control and maritime concerns.

The US and China have engaged high-level officials to improve relations, with US Treasury Secretary Janet Yellen, Secretary of State Anthony Blinken and Chinese Foreign Minister Wang Yi traveling for discussions in recent months.

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Chinese officials have also hosted prominent US CEOs, including JPMorgan Chase’s Jamie Dimon, Tesla’s Elon Musk and Apple’s Tim Cook.

Biden and Xi last met a year ago at the G20 summit in Bali.

On Tuesday, representatives of the two countries concluded the first nuclear arms control discussions since 2019. Although the talks did not yield immediate concrete results, experts viewed the meeting as a positive step towards reopening communication channels.

Beijing has struggled in recent months to curb the outflow of foreign capital. China’s State Administration of Foreign Exchange reported on Friday that 11.8 billion U.S. dollars in foreign direct investment went out in the third quarter, marking the first negative figure since the agency began tracking the data in 1998.