A whistleblower from one of China’s most powerful banks says its shady dealings highlight how Hong Kong’s financial system is increasingly at the mercy of Beijing.
Illustration by Luis Grañena
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The roadshow kicked off on a steamy autumn morning in Singapore. Over the course of two days, CLSA, a Hong Kong-based brokerage firm, hyped up a $250 million, three-year bond deal for CEFC China Energy Co., a huge oil and gas firm.
It was 2016, and CEFC was flying high. The company was fresh off a deal to take a stake in a Kazakhstan oil and gas company and a Czech Republic-based bank, plus t
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An award-winning podcast about the world’s two superpowers, the two men in charge, and the vital issues that affect us all. Face-Off cuts through the noise for the real story, with essential historical context.
In this season, longtime foreign correspondent for The New York Times Jane Perlez and celebrated China historian Rana Mitter cover Xi at the negotiating table, Gen Z disillusionment, China’s military rise, Pacific tensions, tech advances, and soft power.
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