Big Take Asia Podcast
China’s Oldest Investment Bank Is Being Reshaped by Communism
China’s bankers are pledging allegiance to the Communist Party and learning to live without Wall Street pay packages. Find out why on the Big Take Asia podcast.
The China World Office 2 building, which houses the headquarters of China International Capital Corp. (CICC), in Beijing, China.
Photography: Bloomberg
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One after another, bankers at China International Capital Corp. — China’s premier investment bank – are pledging loyalty to the Communist Party, underscoring a new reality for Wall Street-style capitalists in the era of Xi Jinping.