One after another, bankers at China International Capital Corporation — China’s premier investment bank – are pledging loyalty to the Communist Party, underscoring a new reality for Wall Streetstyle capitalists in the era of Xi Jinping.

Today on The Big Take Asia, host David Gura speaks with Bloomberg’s Cathy Chan about the tugofwar between communism and capitalism at the “Morgan Stanley of China,” and how politics are redefining Chinese finance.

#China #Asia #Finance #Capitalism #Communism

Listen to more Big Take: Asia:    • Big Take Asia  

A deep dive into understanding Asia and how it impacts the global economy and world of business.

Each weekday, The Big Take brings you one story—one big, important story. Host Wes Kosova talks to Bloomberg journalists around the world, experts and the people at the center of the news to help you understand what’s happening, what it means and why it matters. Money, politics, the economy and business, energy, the environment, technology—we cover it all on The Big Take.

Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts

Listen to more of The Big Take:    • The Big Take | Bloomberg Podcasts  

Visit us: https://www.bloomberg.com/podcasts

Follow Bloomberg Podcasts on Twitter:   / podcasts  

Visit our other YouTube channels:
Bloomberg Television:    / @markets  
Bloomberg Originals:    / bloomberg  
Quicktake:    / @bloombergquicktake  

For coverage on news, markets and more: http://www.bloomberg.com/video

#asia #news #podcast