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Quote of the Day: Han Zheng, Mayor of Shanghai

"Financiers have the least conscience in the world when it comes to making money... By saying that, I would have offended many bankers and financiers, but this is my personal experience."

— Han Zheng (韩正), mayor of Shanghai.

Han Zheng voiced his misgivings about bankers in a recent interview about fulfilling China's mandate on making Shanghai a world financial capital. He went on to add that Shanghai needs to contain the "animal spirits" that led Western banks to take on their oversized credit debt. Source: Bloomberg

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