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Why China’s Investment Bankers Are Breaking Up With Capitalism

Big Take

CHAPTER

China's Common Prosperity Drive and CICC's Transition

Exploring the implementation of President Xi Jinping's common prosperity drive in 2021 and its impact on CICC, China's oldest investment bank, leading to cultural and structural shifts as bankers adapt to a new ethos and leadership style emphasizing state allegiance and loyalty to the party.

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