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Economy

Financial instability could be Xi's trickiest foe yet

Chinese president takes aim at the finance sector ahead of leadership shuffle

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Investors check share information at a brokerage in Shanghai in June 2016, a few months after China's stock market turmoil subsided.   © Reuters

BEIJING Chinese President Xi Jinping appears unassailable as he looks to extend his grip on power beyond the end of his second term as Communist Party chief in 2022. He does, however, have at least one potential enemy to worry about: financial instability.

For this reason, Chinese authorities are keeping a close eye on the credit risks of five companies -- Anbang Insurance Group, Fosun International, Dalian Wanda Group, HNA Group and Rossoneri Sport Investment Lux.

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