Why China’s Investment Bankers Are Breaking Up With Capitalism

Update: 2024-07-02

Description

One after another, bankers at China International Capital Corporation — China’s premier investment bank – are pledging loyalty to the Communist Party, underscoring a new reality for Wall Street-style capitalists in the era of Xi Jinping.

Today on The Big Take Asia, host David Gura speaks with Bloomberg’s Cathy Chan about the tug-of-war between communism and capitalism at the “Morgan Stanley of China,” and how politics are redefining Chinese finance.

See omnystudio.com/listener for privacy information.

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Why China’s Investment Bankers Are Breaking Up With Capitalism

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Why China’s Investment Bankers Are Breaking Up With Capitalism

Bloomberg

Why China’s Investment Bankers Are Breaking Up With Capitalism