China congress outcome brings new risks to foreign bank JVs
New political risks add to existing challenges for fully controlled ventures in the country
Recent political developments in China will have likely given global banks that have ambitions in the country’s multi-trillion-dollar asset and wealth management market plenty to think about.
The 20th Congress of the Chinese Communist Party last month saw President Xi Jinping secure a third term as the party’s head while further consolidating his iron grip on power. And, as usual, the plenum has unleashed a wave of analysis about what this means for the country’s future.
Will his promotion of
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