The Communist Party’s main theoretical journal has laid out a new ideological framework for the financial system that emphasizes the primacy of China’s top leader and Marxist principles.
A series of regulatory changes approved this week reflect the increasingly centralized control of Xi Jinping, newly confirmed for a third term as China’s president.
The agreement could prevent Chinese companies from having to depart U.S. stock exchanges, but U.S. officials remain wary of whether China will fulfill its terms.