In the Margins
China is overhauling its loosely regulated fund management industry, revoking the licenses of more than 10,000 firms in the last six months. The move comes amidst Beijing's campaign to clean up its financial sector and is the latest signal of a policy shift by the Chinese leadership toward boosting regulatory oversight and away from financial liberalization and reform, especially after the dramatic stock market meltdown over a year ago. Read the original story from The Wall Street Journal.
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