The Best Reads of the Week From Caixin

Cryptocurrency investors were caught off guard after the Chinese government banned all crowdfunding of blockchain-backed coins in the territory. At least two-thirds of “initial coin offering” platforms in China have shuttered during the week, and coin prices have also had a roller-coaster ride.(

The first-half earnings reports of Chinese banks indicated a deepening divide between well-capitalized and small lenders — largely a result, albeit not entirely intentional, of the government’s deleveraging efforts.(

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