The policy, driven from the top by Chinese leader Xi Jinping, has resulted in pay cuts and delayed bonuses for staff of state-owned lenders such as CICC and Citic Securities

The philosophy is aimed at "centralising and strengthening the party’s economic control,"  Chinese academic Xin Sun argues in a London School of Economics paper

The flagship policy that included a crackdown on tech firms had put businesses on the edge

The wealth management market could hit 214 trillion yuan ($34 trillion) in investable assets by high net worth individuals in 2030, a UBS report said

China's 2021 fiscal revenues rose 10.7% to 20.25 trillion yuan ($3.2tn). Vice Finance Minister Xu Hongcai said greater tax and fee cuts would be unveiled in 2022 to relieve pressure on economy

Goldman Sachs and JP Morgan are among investment banks that are becoming more optimistic about the outlook for China stocks this year

Chinese President Xi Jinping’s drive for “common prosperity” is set to have a defining impact on life in the world’s...

China's drive for “common prosperity" is called a ''profound revolution'' by state media. It has unnerved investors, who are growing increasingly concerned about the country's spiralling economic problems.

Portfolios are being reshaped with equities in the country’s online giants sidestepped, while shares in solar energy firms and chipmakers are preferred

Shares of the office developer saw their biggest daily fall since 2007 with speculation rife that the US equity firm scrapped the deal over fears China’s regulator would reject the move

Chinese President's regulatory crackdown aims to counter wealth inequality, but it has also created unpredictability and risk for investors in the country's equity markets

Societe Generale has selected a basket of 30 stocks it deems most likely to thrive amid China's 'profound revolution.'