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Bankers at China’s oldest investment bank, China International Capital Corporation (CICC), are pledging their loyalty to the Communist Party. This marks a significant shift from its previous Wall Street-style approach, with bankers trading fat paychecks for party membership. This move is seen as part of President Xi Jinping's broader strategy to tighten control over the financial system. The implications for the future of CICC and its operations remain to be seen. More details can be found in the Big Take Asia podcast.
🎙 Bankers at China’s oldest investment bank, CICC, are pledging their loyalty to the Communist Party. What does that mean for its future? Listen to the Big Take Asia podcast https://t.co/Sw8FAnXoAM https://t.co/RrLXwrRsSf
🎙 Bankers at China’s oldest investment bank, CICC, are pledging their loyalty to the Communist Party. What does that mean for its future? Listen to the Big Take Asia podcast https://t.co/ba3AwoSTbX https://t.co/JpFUDOBVgs
🎙 Bankers at China’s oldest investment bank, CICC, are pledging their loyalty to the Communist Party. What does that mean for its future? Listen to the Big Take Asia podcast https://t.co/IKlkDdHj2c https://t.co/tR4gfHBkfS
