‘If you’re a foreign firm, Xi will decide if you’re helping his vision or not’
By James KingNovember 7, 2023
President Xi Jinping is tightening his grip on China’s $61tn financial sector in a regulatory overhaul to centralise decision-making power and extend political control over banks.
Experts say the shake-up will trigger “seismic” changes in China’s banking industry and financial markets, and represents an ongoing effort by Xi ...
Already a subscriber? Log In
Read Next:
August 14, 2023
Banks feel the heat of China’s ‘dizzying’ data compliance requirements
China is tightening the screws on banks’ data security measures to impose new compliance obligations on the processing and storing of digital information. Experts say that new draft proposals align...
Read more