However, the takeaway message for investors is that capital must be directed to industries Beijing wishes to develop. Internet platform companies are off-limits because foreigners holding such data would threaten the state. On the other hand, wealth management has been given the green light because Beijing needs foreign expertise to guide and develop a sector where investible assets are projected to surpass $70 trillion by 2030. That is a crucial need for a country with a fast-growing middle-income class and accumulated savings. Doing so does not conflict with Beijing’s sensitivity to foreign
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