China’s President Xi Jinping focuses on the relationships that China’s state banks and other financial institutions have built with large private sector companies. Push to curb capitalist forces In the economy.
Mr. Xi, who launched a campaign at the end of last year with a regulatory attack on a private technology giant, has begun a thorough inspection of financial institutions. According to those who know the plan, there are few details of the inspection released in September, but the focus is on whether state banks, investment funds and financial regulators have become too close to private companies, especially recent companies. I’m guessing. Landing on the Beijing crosshairs, Real estate giant China Ever Grande Group, Didi of a ride-hailing company, etc. Financial technology company Ant Group..
Xi Jinping scrutinizes the relationship between Chinese financial institutions and private companies
Source link Xi Jinping scrutinizes the relationship between Chinese financial institutions and private companies