With new regulations and mandates, is the party over for China’s finance sector?
www.scmp.com
China’s finance sector was once freewheeling, but new regulations and mandates from officials suggest banks’ new role looks beyond simple profit-seeking.
  • intelshill@lemmy.caOP
    01·
    7 months ago

    Overlegislation of the financial sector will lead to financial collapse. An upper crust of obscenely wealthy bankers is essential for the proper function of the financial system and thus the economy.

    Edit: /s fuck y’all are ruthless