Adam Minter Nobody would ever mistake the Chinese Communist Party for a fleet-footed, democratic organization responsive to public opinion. But over the decades it’s shown a capacity to recognize when political winds are shifting and has been willing to accept outside advice and solutions. That’s changing under President Xi Jinping. China’s leadership has grown increasingly isolated and distant from ...

  Bloomberg A rally for Chinese banks listed in Hong Kong has cut their price gap to mainland shares in half — and that seems about as much as investors are willing to tolerate. In the five months through September, a gauge of the big four lenders’ Hong Kong shares jumped 15 percent as southbound cash poured into the stocks, ...

  Bloomberg Bank of China’s (BOC) top official in New York said he’s boosting compliance efforts amid a US crackdown on illicit money moves that already led to a $215 million penalty against Agricultural Bank of China Ltd. “From the perspective of regulation, the U.S. is the toughest,” Xu Chen, chief executive officer and president of Bank of China’s New ...