Xiang Junbo, the man on whose watch China’s insurance industry flourished, is now himself under investigation. As Bloomberg News reported over the weekend, China’s anti-graft agency is probing the nation’s top insurance official as the government steps up a bid to rein in financial risks. But with so many firms still hungry for returns and diversification, that shouldn’t slow …

  The race is on. As Britain and the European Union begin to negotiate the terms of Brexit, Europe’s financial centers are jostling to lure banks, insurers and asset managers away from the City of London. When providers of goods and services compete for business it’s almost always good for their customers, and this new post-Brexit rivalry needn’t be any …

  Is China finally making headway in its battle against currency outflows? On the surface, yes: People’s Bank of China foreign exchange reserves are effectively unchanged since December at $3 trillion, and data for February released by the State Administration of Foreign Exchange showed a significant narrowing of net outflows of capital based on international bank settlements and sales. That’s …