China’s Finance Sector Faces New Regulations and Challenges

China's Finance Sector Undergoes Revolution Amid New Regulations

In a bold move that challenges the foundational capitalist principle of profit-first, China is reshaping its financial sector, placing substantial emphasis on national strategies and public service. This significant transformation aligns with President Xi Jinping's vision to elevate China into a financial superpower, fundamentally altering the landscape for both domestic and foreign business operations within the country.