The forum focuses on how to drive financial innovation and digital strategic upgrades under the new dual-cycle pattern, and help the construction of a new digital financial ecosystem, striving to open …
FINANCE
China’s central bank gets a new party secretary
BEIJING — The People’s Bank of China announced Saturday that Pan Gongsheng, head of the country’s foreign exchange regulator, would become the central bank’s party secretary. In a country ruled by the …
China’s insurance premium income up 10.68% in Jan-May
Premium income reached around 2.68 trillion yuan ($371 billion) during the January-May period, the NAFR said. The total assets of China’s insurance sector amounted to 28.4 trillion yuan at the end of …
Will China’s central bank defend the falling yuan as its new Communist Party chief, Pan Gongsheng, takes the helm?
People’s Bank of China promises ‘comprehensive measures’ to prevent wild swings in exchange rate as currency approaches key psychological threshold.
China’s stunted transformation
China’s growth model is undergoing fundamental change. After decades of relying primarily on external demand to drive growth, the government …
Western-trained banker to head China’s central bank
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.
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.
