Explore the evolving investment banking landscape in China, focusing on a shift towards a more China-centric approach and the impact on foreign firms. Learn about the cultural and ideological changes in Chinese firms and the implications for businesses engaging with local authorities.
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.
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