Wall Street hiring in Asia is coming under increasing scrutiny in the wake of a U.S. criminal investigation into whether JPMorgan Chase & Co. employed children of China’s elite in violation of anti-bribery laws.
China’s State Council may “dynamically fine-tune” the nation’s monetary and real estate policies, the Shanghai Securities News reported today, citing Li Wei, deputy director of the State-owned Assets Supervision and Administration Commission.
Several blasts tore through a market in China’s turbulent Xinjiang region, killing 31 people and wounding 94, highlighting the government’s inability to end a spike in attacks it blames on ethnic Uighur separatists.
Li Wei, a Shanghai-based economist with Standard Chartered Plc comments on China’s central bank announcement today that it would cut banks’ reserve requirement ratio by 50 basis points. Li commented by e-mail.