The demand comes amid Beijing’s ongoing campaign to discourage extravagant lifestyles among the financial elite

Beijing’s top anti-graft body said it was investigating Zhang Hongli, the former VP of the Industrial and Commercial Bank of China – the world’s biggest bank by assets

The pledge comes amid Chinese president Xi Jinping's increased focus on national security risks within the party, government, and large industries

A fresh crackdown on the country's medical and pharmaceutical sectors, set to last a year, has convinced investors that it may be best to buy the state and sell private sector holdings

With weakening growth and youth unemployment hitting a record high, Beijing's push for wealth equality and crackdown on corruption has China's financial sector worried

Investors hope premier Li Qiang's close ties with president Xi Jinping will enable him to push for more business-friendly policies

An increasing number of China’s wealthy have set their sights on Singapore in an attempt to protect their riches from Beijing’s regulatory crackdowns

The policy, driven from the top by Chinese leader Xi Jinping, has resulted in pay cuts and delayed bonuses for staff of state-owned lenders such as CICC and Citic Securities

The philosophy is aimed at "centralising and strengthening the party’s economic control,"  Chinese academic Xin Sun argues in a London School of Economics paper

The flagship policy that included a crackdown on tech firms had put businesses on the edge

The wealth management market could hit 214 trillion yuan ($34 trillion) in investable assets by high net worth individuals in 2030, a UBS report said

China's 2021 fiscal revenues rose 10.7% to 20.25 trillion yuan ($3.2tn). Vice Finance Minister Xu Hongcai said greater tax and fee cuts would be unveiled in 2022 to relieve pressure on economy