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3Novices:Detention of Anbang boss a milestone in financial industry crackdown, analysts say

The reported detention of Anbang Insurance chairman Wu Xiaohui could be a milestone in efforts to take on vested interests – many with connections to the political elite – in China’s financial sector, paving the way for reform, analysts say.
Wu is the latest figure said to have been detained for investigation in a financial industry crackdown which began after a stock market rout in the summer of 2015 that wiped trillions of yuan from the portfolios of small investors –…
June 14, 2017 at 06:29PM http://ift.tt/2rh455h
#3Novices #News #OnlineMedia #China 3Novices China

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