Disentangling local governments and asset managers
Subscribe to keep reading.
Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.
Already a subscriber? Log in.
Turns out banks are not the only institutions required to undergo a thorough self-examination right now. Asset managers are being required to do so as well. Strangely, though, it is the Ministry of Finance that is requiring these inspections.
The reason: They want to stop the funny business...