The Cambridge and Harvard alumni will take over a weakened central bank, as China’s economic recovery from three years of pandemic hangs in the balance.
FINANCE
China’s bond market issuances hit 5.46t yuan in May
Treasury bond issuances stood at 735.28 billion yuan, while local government bond issuances amounted to 755.35 billion yuan, according to the People’s Bank of China. In May, issuances of financial …
China names Pan as new central bank party chief, sets stage for governor change
Pan would take office at a time when President Xi Jinping is looking for ways to strengthen the economy. Read more at straitstimes.com.
China’s Xi Jinping’s drive for economic strengthening sees Pan Gongsheng named as central bank governor
Pan Gongsheng has been appointed as the new Communist Party chief, making him the likely candidate to become the next governor. The central bank has pledged to stabilize the Yuan. The change in …
U.S. pension funds, universities face pressure over China investments
Proposed federal and state legislation takes aim at public money being used toward investment into China over fears about national security and whether American dollars should go to a country the U.S.
China foreign-exchange regulator Pan Gongsheng named central-bank party boss
China’s ruling Communist Party appointed central bank Deputy Governor Pan Gongsheng as the bank’s party secretary on Saturday, a move the Wall Street Journal said would be a prelude to becoming …
Western-trained banker in line to lead China’s central bank
Chen, of Plenum, added that Pan’s appointment was unlikely to lead to a significant shift in China’s monetary policy as the central bank has been weakened after Beijing revamped its financial …
China’s Central Bank Appoints New Top Communist Party Official
Pan Gongsheng’s designation as the PBOC’s senior party official clears the way for him to become governor of the central bank, say people familiar with the matter.
China’s Communist Party appoints Pan Gongsheng as party secretary for the central bank
BEIJING, July 1 (Reuters) – China’s ruling Communist Party has appointed People’s Bank of China deputy governor Pan Gongsheng as the new party secretary for the central bank, the PBOC said in a …
China names foreign-exchange regulator Pan Gongsheng as central-bank party boss
China’s ruling Communist Party appointed central bank Deputy Governor Pan Gongsheng as the bank’s party secretary on Saturday, a move the Wall Street Journal said would be a prelude to becoming …
China forex regulator Pan Gongsheng named central bank party boss
(Reuters) – China’s ruling Communist Party appointed central bank Deputy Governor Pan Gongsheng as the bank’s party secretary on Saturday, a move the Wall Street Journal said would be a prelude to …
China’s Gen Z graduates fear they have ‘blank paper’ diplomas as youth unemployment hits a 20% and the economy chokes on anemic growth
Youth unemployment has been surging in China in recent months. VCG—Getty Images The trouble began in April. That month, Chinese government data showed that one in five young workers—between the ages …
China To Appoint New Central Bank Governor As Xi Jinping Steers With Trusted Allies Amid Economic Challenges: WSJ
China’s leadership is reportedly set to appoint Pan Gongsheng, a deputy governor of the People’s Bank of China (PBOC), as the new head of the central bank, according to sources familiar with the …