BEIJING – A U.S.-trained economist was appointed Monday to succeed the longtime governor of China’s central bank, Zhou Xiaochuan, at a time when the ruling Communist Party is trying to reduce financial risks and surging…
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New China central bank governor: China should keep financial sector stable
BEIJING (Reuters) – Newly elected People’s Bank of China Governor Yi Gang said on Monday that the most important task is to implement prudent monetary policy, while at the same time pushing forward financial reform…
China’s ‘silver fox’ foreign minister promoted
BEIJING (Reuters) – Chinese Foreign Minister Wang Yi retained his job and was also promoted to a state councillor on Monday, meaning he now has the country’s two top diplomat roles, in a vote of…
China elects key economic team, Xi confidante Liu He named a vice premier
With Yi’s background and his reputation of being pro-reform, his nomination would be good news for foreign investors, Xie also said. Zhou, 70, who is China’s longest-running central bank head, having taken the job in…
US-educated Yi Gang becomes head of China’s central bank
US-educated economist Yi Gang has been named the next governor of China’s central bank, replacing Zhou Xiaochuan. Mr Yi joined the People’s Bank of China (PBOC) 20 years ago and has been its deputy governor…
China’s next economic czar: Harvard-trained Xi adviser
But he has no experience fighting the bureaucratic battles the post can require. (AP Photo/Markus Schreiber, File) BEIJING/March 18, 2018 (AP)(STL.News) —China’s next economy czar is a Harvard-trained supporter of free markets who is President…
Exclusive: Regulator shopping in vogue as China’s shadow banks evade Beijing’s grip
SHANGHAI/BEIJING (Reuters) – Some of China’s biggest shadow banking groups are shopping for regulators in far-flung regions to help pass deals unlikely to be approved by more savvy regulators closer to home, according to multiple…
IPO arrow on regulator’s bowstring
The stock started trading at $92.70 straightaway. Nearly four years after the IPO, Alibaba’s stock price has increased by more than 190 percent. What about investors in China where Alibaba earns most of its revenues…
Beijing city guide: what to see and where to stay in the Chinese capital
China’s capital is full of history – from the unmarked spot on Tiananmen square (see marker 1 on map, below) where a protester faced down military tanks, to its 14th-century imperial palaces. But Beijing is…
China promoting foreign minister as state councilor
Wei Fenghe, who already sits on the Central Military Commission which runs China’s armed forces, has been nominated for defense minister, while Chen Wenqing will retain his job as minister of state security. The list…
‘Technology’ is buzzword for manufacturers
They are part of the country’s broader push to marshal its high-end manufacturing power, as the world’s second-largest economy scrambles to embrace technology and upgrade its sprawling industries. With significant progress already made, China will…
U.S. tariffs, China trade tensions overshadow G20 finance meeting
Buenos Aires (Reuters) – Worries about the potential for a U.S.-China trade war and frustration over U.S. President Donald Trump’s steel and aluminum tariffs threatened to dominate a gathering of finance leaders this week amid…
Sunlands Online Education Updates U.S. IPO Terms
Sunlands Online Education has filed proposed terms for its upcoming U.S. IPO. The Beijing-based firm provides post-secondary and professional educational services. The IPO isn’t cheap and management hasn’t shown a path to profitability. Quick Take…
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