The development and evolution of China's financial sector has dominated the conversation among China watchers over the past decade.
China's financial sector has made headlines for all the wrong reasons. The rapid rise of the shadow banking sector, a lack of regulation, rampant speculation and high levels of debt are all reasons why Wall Street is cautious about China's financial industry.
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However, over the past year, the industry has started to change significantly, thanks in part to policymakers' desire to rein in risk-taking. Indeed, the...
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