As Chinese companies expanding overseas face mounting geopolitical tensions and trade protectionism, domestic financial institutions should expand their range of services to include cross-border investment and financing, currency hedging and supply chain finance, the head of Zheshang Bank said at the Caixin Summer Summit
By Yu Hairong, Yue Yue, Fan Qianchan, Wang Liwei and Du Zhihang
The new framework seeks to encourage overseas expansion while closing loopholes that allow strategic technology, data and talent to move beyond state oversight
Zhejiang’s former state-assets chief surrendered to corruption investigators, while a senior financial regulator’s profile was removed from a government website in the wake of allegations of misconduct at a high-end dinner