Good Morning. Welcome to The Wire’s daily news roundup. Each day, our staff gathers the top China business, finance, and economics headlines from a selection of the world’s leading news organizations.
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The Financial Times
China raises scrutiny of financial holding groups ahead of Ant IPO — Cabinet passes rules requiring non-bank companies in sector to apply for licences.Laos faces sovereign default as forex reserves dip below $1bn — Finance ministry asks China for advice on restructuring its debt.Hong Kong: Beijing cracks down while the financial centre thrives — Ant Group’s IPO will take place against a backdrop of the dismantling of the territory’s pro-democracy movement.US puts new restrictions on Chinese diplomats — Tensions between Washington and Beijing are rising ahead of US election.Citi/China: joint custody — Fast growth makes Chinese custody mor
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