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Party Dominance in the Financial Business

At the first Party building forum for financial businesses in Beijng on July 7, Party officials made statements to urge promotion of Party building. “Strengthening Party building and Party organizations that play a political core role in the financial business is an important manifestation of the financial business with Chinese characteristics.” Financial businesses are called to “actively explore how to integrate the Party’s leadership with corporate governance and to adhere to the principle that the Party controls the cadres. …” The China Marxism Research Foundation and Financial Daily sponsored the forum at the Party School in Beijing.

Source: Study Times, July 12, 2010