Zhu Rongji

Born on October 1, 1928 in Changsha, Hunan, Zhu Rongji mayor and party chief in Shanghai between 1987 and 1991, before becoming vice premier and then the fifth premier of the People's Republic of China. He held that position between March 1998 and March 2003. He is known for taking a tough stance against corruption in the government and pushing difficult reforms of the state sector. 

Zhu meets red-chip chiefs

PUBLISHED : Tuesday, 23 September, 1997, 12:00am
UPDATED : Tuesday, 23 September, 1997, 12:00am

Vice-Premier Zhu Rongji is understood to have met the chiefs of red-chip companies in Hong Kong yesterday at the Xinhua news agency's office.


Sources said most of the chairmen who attended the meeting were from firms where share prices had recently experienced wild swings.


The topic of discussions at the meeting has not been disclosed although it is understood that Mr Zhu talked about recent price fluctuations and the asset injection guidelines for red chips issued by the State Council in June.


One source said Mr Zhu talked about how to fully utilise Hong Kong and the mainland's stock markets as fund-raising channels for state-owned enterprises.


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