China’s financial sector must ‘develop with Chinese characteristics’ after corruption probe

Feb 25, 2022 | INVESTING

Beijing will strengthen control of China’s financial risks and steady the economy after its top anti-corruption watchdog uncovered a number of weaknesses within the financial sector during a two-month investigation.“[We must] adhere to the principle that finance serves the real economy, severely punishing corruption in the financial sector, and effectively resolving major financial risks,” the official Xinhua News Agency reported on Friday, citing a Politburo meeting chaired by President Xi…

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