China congress outcome brings new risks to foreign bank JVs

Chris Davis
18 Nov 2022

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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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