Common Prosperity

Former VP of China’s Biggest Bank Latest to Face Graft Probe

Beijing’s top anti-graft body said it was investigating Zhang Hongli, the former VP of the Industrial and Commercial Bank of…

4 months ago

China Vows Anti-Corruption Crackdown on Financial Sector

The pledge comes amid Chinese president Xi Jinping's increased focus on national security risks within the party, government, and large…

5 months ago

Investors Dump Private China Firms, Embrace ‘Common Prosperity’

A fresh crackdown on the country's medical and pharmaceutical sectors, set to last a year, has convinced investors that it…

7 months ago

China Bankers to Shun ‘High-End Taste’ Fearing Regulatory Ire

With weakening growth and youth unemployment hitting a record high, Beijing's push for wealth equality and crackdown on corruption has…

8 months ago

New China Premier Vows ‘Better Environment’ for Private Sector

Investors hope premier Li Qiang's close ties with president Xi Jinping will enable him to push for more business-friendly policies

12 months ago

Missing China Banker Wanted to Move Wealth to Singapore – FT

An increasing number of China’s wealthy have set their sights on Singapore in an attempt to protect their riches from…

1 year ago

‘Common Prosperity’ Drive Cuts China Bankers’ Pay Packets

The policy, driven from the top by Chinese leader Xi Jinping, has resulted in pay cuts and delayed bonuses for…

2 years ago

China’s ‘Common Prosperity’ All About Control, Says Academic

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

2 years ago

China Makes a Retreat From ‘Common Prosperity’ Policy – WSJ

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

2 years ago

China’s `Common Prosperity’ to Boost Middle-Class, UBS Says

The wealth management market could hit 214 trillion yuan ($34 trillion) in investable assets by high net worth individuals in…

2 years ago

China to Unveil Tax Cuts As 2021 Fiscal Revenue Rises 10.7%

China's 2021 fiscal revenues rose 10.7% to 20.25 trillion yuan ($3.2tn). Vice Finance Minister Xu Hongcai said greater tax and…

2 years ago

Wall Street Upbeat On China Stocks As Tech Fears Ease

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

2 years ago