Political turning points always matter for markets, none more so than those on the mainland. Analysts broadly concur that the launch of an investigation into former security chief Zhou Yongkang signals a consolidation of power by President Xi Jinping, boding well for the political unity needed to drive economic reform. Strategists at Swiss private bank Lombard Odier have quantified what that political turning point implies for financial flows and compared it with similar turning points for past presidents Hu Jintao and Jiang Zemin. They conclude that Xi has moved faster than his predecessors, but that the mildly positive economic impact of the latest turn in the anti-corruption campaign is already priced into markets.