China opens the next chapter of financial reform

China has conducted another major asset reshuffle to overhaul its financial sector. The Ministry of Finance has transferred all of its controlling stakes in a group of financial companies to Central Huijin Investment, a sovereign fund under the State Council. What prompted the reshuffle? Is it just an asset transfer between different pockets of the central government? To what extent will it help to overhaul the country's financial sector?

Host Tu Yun joins Andy Mok, a Senior Research Fellow at the Center for China and Globalization, Dr. Liu Baocheng, the Director of the Center for International Business Ethics, University of International Business and Economics, Beijing, and Dr. Li Lun, an Assistant Professor of Economics at Peking University, for a close look at the issue on this episode of Chat Lounge.