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China Warns ‘Hedonistic’ Bankers to Toe the Communist Party Line

  • Xi poised to tighten control at annual parliamentary meeting
  • Finance sector is under pressure from common prosperity push

Bankers in China are being told to rectify their mindsets, clean up their “hedonistic” lifestyles and stop copying Western ways.

The directives, part of a 3,500-word commentary last week from the country’s top anti-graft watchdog, are just the latest sign that President Xi Jinping’s campaign to tighten the Communist Party’s grip on the financial system has a long way to go.