Political incentives drive state capital to prioritize short-term gains over long-term breakthroughs. While China will remain a formidable competitor in scaling existing technologies, its ...

China’s Ministry of Finance is moving forward with a major capital boost for four of the country’s biggest state-owned banks, committing to invest 500 billion yuan (approximately $69 billion ...

Four of China's largest state-owned banks said on Sunday they plan to raise a combined 520 billion yuan ($71.60 billion) in private placements from investors, including the finance ministry, after ...