Analysis, Regulation & Supervision

‘If you’re a foreign firm, Xi will decide if you’re helping his vision or not’

By James King
Image via Getty

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 ...

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