China

Beijing reins in China’s central bank

The People’s Bank of China has never been politically independent, but it has enjoyed a special status. Now, President Xi Jinping’s shakeup of China’s financial sector is stripping that away.

US steps up disclosure pressure on Chinese companies

Chinese companies will have to disclose more information about audits and whether they are controlled by a government or else leave U.S. stock markets under a rule approved by securities regulators.