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  • Dec 29, 2014
  • Updated: 10:34pm

Dai Xianglong

China's pension fund seeks to grow asset base

The NSSF serves as a strategic reserve fund. Photo: AFP

The fund's party secretary, Dai Xianglong, was quoted by Xinhua yesterday as saying that the central government should transfer 30 per cent of capital gains it receives from state-owned enterprises (SOEs) to the National Social Security Fund (NSSF).

Wednesday, 17 April, 2013, 5:44am

Reform is impossible when the reformers are losing so much

Xi Jinping

China's incoming President Xi Jinping, outgoing premier Wen Jiabao and former central bank governor Dai Xianglong have a couple of things in common.

Over the past few months, all three have been embarrassed by articles in the international media detailing the vast fortunes amassed by family members during their periods in high office.

3 Jan 2013 - 4:36am 1 comment

State pension fund official tipped to be statistics chief

A former vice-governor of Gansu , who is a senior executive of a state pension fund - is expected to become statistics chief in a reshuffle of central government organs, according to official sources.

31 May 2008 - 12:00am

Quiet achiever faces challenges after winter transport chaos

New Transport Minister Li Shenglin has earned a reputation for quiet achievement. But his challenge will be to improve efficiency to avoid a repeat of the traffic chaos that paralysed the mainland following snowstorms.

18 Mar 2008 - 12:00am

Dai Xianglong to run social security fund

Ex-PBOC chief to control 500b yuan in assets

Former Tianjin mayor Dai Xianglong has been appointed head of the mainland's social- security fund, ending months of speculation about the financial strategist's political future.

31 Jan 2008 - 12:00am

Deputy to replace Tianjin mayor, who awaits news of his next post

Tianjin mayor Dai Xianglong will be replaced by a deputy and transferred to a new post soon, media reports and official sources said yesterday.

29 Dec 2007 - 12:00am

Top PLA hospital, university join forces

Beijing's No301 Military Hospital, famous for treating the mainland's top leaders, announced yesterday that it was teaming up with Tianjin's Nankai University to train medical students and collaborate on scientific research.

17 Jun 2007 - 12:00am

In Brief

Taiwan unveils improved home-built fighter jet

28 Mar 2007 - 12:00am

Tianjin's mayor rubbishes his reputation

Tianjin Mayor Dai Xianglong has lamented that he has yet to accomplish one simple but important task two years after taking office: cleaning up the city.

Mr Dai, who was governor of the People's Bank of China until December 2002, told city planners last Thursday he regretted that there had been no improvement in the city's hygiene standards since his arrival.

23 Feb 2005 - 12:00am

People's Bank shifts focus to corruption, policy

People's Bank of China chief Dai Xianglong has vowed to pursue the twin goals this year of fighting corruption and maintaining a stable monetary policy.

Mr Dai said authorities would pursue the big cases and step up supervision of top financial cadres in a year of transformation.

2 Feb 2002 - 12:00am

Dai in economic rallying cry

Central bank governor Dai Xianglong has called on foreign investors to have confidence in the mainland's economy, the Financial News reported. 'The judgment made by some people that the prospect of investing in China is not optimistic is wrong,' Mr Dai was quoted telling a Japanese trade delegation.

16 Apr 1999 - 12:00am

Dai sounds Gitic hope

The governor of the People's Bank of China yesterday held out the hope of a debt restructuring at Guangdong International Trust and Investment Corporation (Gitic) that could save the group.

28 Jan 1999 - 12:00am

Report on yuan puts red chips in decline

Mainland-related stocks plunged yesterday, as an erroneous report circulated that Vice-Premier Li Lanqing had said the mainland might 'break its pledge not to devalue the yuan'.

The report, which was picked up by some financial news services, was first carried in the Hong Kong Standard.

16 Jun 1998 - 12:00am

Yen over-reaction

These are nervous times on the stock market, as shown by yesterday's plunge in the Hang Seng Index to a three-year low. With Tung Chee-hwa admitting the economic downturn is likely to be 'prolonged and painful' it is scarcely surprising that the financial community should be so jittery.

11 Jun 1998 - 12:00am

Beijing in yen warning

The falling yen is having a 'very negative' impact on the mainland's exports, capital inflows and economic restructuring, central bank Governor Dai Xianglong warned yesterday.

10 Jun 1998 - 12:00am