Published: Oct 26, 2024, 05:25 IST | Updated: Oct 26, 2024, 05:25 IST
Jiang Chengjun, the former head of investment banking at Haitong securities, was recently arrested upon his return to China. As Haitong grapples with significant profit losses and a recent delisting from Hong Kong, Analysts warn that Chinese financial institutions are finding their global ambitions stymied by intense domestic competition and regulatory pressures.