Xi Seen Tightening Grip on Finance at Twice-a-Decade Conference
- Xi set to underscore direction after revamping oversight
- China is struggling to rekindle investor confidence, economy
Xi Jinping
Photographer: Michele Spatari/BloombergThis article is for subscribers only.
President Xi Jinping is set to further tighten his control of China’s $61 trillion financial industry as he gathers state leaders and top bankers to set the direction over the next five years.
Against a backdrop of record low margins for the banking industry and an anti-corruption crackdown that has ensnared more than 100 officials and executives this year, Xi will host the closed-door, twice-a-decade Financial Work Conference on Monday and Tuesday in Beijing.