Will China’s Anticorruption Drive Hurt Its Financial Sector?
A crackdown by President Xi Jinping has ensnared top executives from two banks, and other takedowns at financial services firms could follow.
Allen T Cheng
February 6, 2015
Mao Xiaofeng, vice president at China Minsheng Banking Corp., speaks during a news conference in Beijing, China, on Tuesday, Aug. 23, 2011. China Minsheng Banking Corp., the nation's first non-state lender, said first-half profit jumped 57 percent to a record as income from loans and fees rose, on Aug. 16. Photographer: Nelson Ching/Bloomberg *** Local Caption *** Mao Xiaofeng
Nelson Ching/Bloomberg
