Li Keqiang

Li Keqiang, born in 1955, became China's premier in March 2013. Like ex-president Hu Jintao, his power base lies with the Communist Youth League, where he was a member of the secretariat of the league’s central committee in the 1980s and later in the 1990s the secretariat’s first secretary. His regional governance experience includes a period as vice party boss, governor and party boss of Henan province between 1998 and 2003 and party boss of Liaoning province beginning in 2004. He became vice premier in 2008. Li graduated from Peking University with a degree in economics. 

Shanghai's Disney park major beneficiary of HK$314b Agbank loan

Shanghai's Disney park major beneficiary of HK$314b Agbank loan

The Agricultural Bank of China has just sprinkled a lot of magic over Shanghai in the form of a huge loan, and the beneficiaries will include Mickey and Minnie and friends.

Friday, 6 September, 2013, 8:00am 1 comment

China's need to reform its financial system is growing urgent

Chinese Premier Li Keqiang. Photo: Simon Song

Beijing's decision to audit local government debt may be week-old news, but it won't be the last time moves to curb regional excesses will make headlines.

5 Aug 2013 - 3:54am

Hong Kong need not fret too much, for now, about northern pretender

Hong Kong need not fret too much, for now, about northern pretender

When Beijing announced last month its landmark plan to create a Hong Kong-like free-trade zone in Shanghai, many people, including myself, naturally felt Hong Kong's position as one of the world's leading financial centres could be further weakened.

5 Aug 2013 - 7:50am 5 comments

Legal loopholes prompt China to delay Shanghai free-trade zone rules

Chinese Premier Li Keqiang. Photo: Xinhua

The central government had planned to unveil the rules late last month, but policymakers put the lawyers back to work out of concern the legal framework needed tightening, to reduce the risk of legal disputes involving foreign investors, government sources familiar with the matter said.

5 Sep 2013 - 7:25am

Local government debt to be exposed by Li's survey

Li Keqiang ordered the audit via the State Council. Photo: Reuters

Like William the Conqueror before him, Premier Li Keqiang is initiating his own Domesday survey in China, and this time the attempt to curb local abuses of power will have global economic consequences.

1 Aug 2013 - 5:42am

Li Keqiang's financial reforms the right way to create jobs

Li Keqiang's financial reforms the right way to create jobs

It does not take much to shift the emphasis between economic reform and stabilising growth in the mainland economy. This is a balancing act by Premier Li Keqiang to maintain the minimum rate of growth needed to keep the jobless rate within acceptable limits while rebalancing the economy towards a more sustainable model.

30 Jul 2013 - 3:40am

Reform, relaxation and balance are key pillars of Likonomics

China's Premier Li Keqiang. Photo: Xinhua

The easing of controls on interest rates this month is one of the most important Chinese economic reforms since Deng Xiaoping went to Shenzhen in 1992 to reinforce the message that "to get rich is glorious".

30 Jul 2013 - 3:54am

Shanghai free-trade zone plan offers new challenges to Hong Kong

Shanghai free-trade zone plan offers new challenges to Hong Kong

Hong Kong's challenge is not China's economic rise, Shanghai's free-trade zone, or even the mainland's impending financial reforms. These are all new opportunities.

29 Jul 2013 - 4:28am 2 comments

Li Keqiang speech leak reflects sensitivity of growth slowdown

Premier Li Keqiang. Photo: Reuters

If there was ever any doubt that the mainland would achieve economic growth of 7.5 per cent this year, it should be gone by now.

27 Jul 2013 - 4:09am

Hot topics loom at Beidaihe summer summit as Chinese leaders meet to discuss reform

Illustration: Henry Wong

A year ago, Communist Party chiefs convened a secretive conclave in the seaside town of Beidaihe to finalise plans to hand over power to a new generation of leaders in the wake of the most serious crisis in years.

23 Jul 2013 - 12:24pm 1 comment

Free trade zone fits into Shanghai's financial ambition

Free trade zone fits into Shanghai's financial ambition

Championed by Premier Li Keqiang, plans to establish a free trade zone in Shanghai have now been approved by the State Council. Combining three areas in the Pudong district, it will allow the Chinese government to experiment with economic liberalisation and renminbi convertibility.

20 Jul 2013 - 3:17am 14 comments

Exclusive: Li Keqiang fought strong opposition for Shanghai free-trade zone plan

Illustration: Lau Ka-kuen

Premier Li Keqiang fought open opposition from financial regulators in his bid to push through a landmark plan for a free-trade zone in Shanghai. It is the clearest sign yet that the nation's new leadership is determined to deliver long-delayed economic reforms.

6 Sep 2013 - 8:01am 7 comments

Premier Li Keqiang named head of three more powerful advisory bodies

Premier Li Keqiang will lead another three entities.

Li was named head of three entities: the Leading Group for Western Region Development of the State Council, the Leading Group for the Revitalisation of Old Industrial Bases in Northeast China of the State Council, and the Leading Group for the National Response to Climate Change and Energy Conservation, mainland media reported.

15 Jul 2013 - 5:12am

Shanghai game console plan draws mixed reviews

Boxes of fun with the games, minus Twitter and Facebook. Photo: EPA

To attract foreign investment, the South China Morning Post reported yesterday, Beijing will soon allow foreign firms such as Sony, Nintendo and Microsoft to sell their game consoles - provided the products are made in Shanghai's new free-trade zone.

6 Sep 2013 - 8:03am

Now Li Keqiang wants to have his cake and eat it too

Now Li Keqiang wants to have his cake and eat it too

London mayor Boris Johnson once described Britain's Liberal Democrat politicians as being "like weird hermaphroditic parrotfish, changing sex at will. If they had a policy on cake, they would be pro-having it and pro-eating it".

12 Jul 2013 - 4:46am