What’s Behind Beijing’s Latest Round of Bank Regulations

Chinese leader Xi Jinping (R) arrives with Premier Li Keqiang (L) and members of the Politburo Standing Committee for a reception at the Great Hall of the People in Beijing on the eve of China's National Day on Sept. 30, 2021. Greg Baker/AFP

Commentary

Beijing is tightening its governance around banks and insurance companies to bar large shareholders from having excessive influence and engaging in unfair dealings.