• Mon
  • Sep 22, 2014
  • Updated: 3:43pm

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. 

Reforms enter critical stage, says Premier Li Keqiang

Premier Li Keqiang says Beijing's economic restructuring drive has entered a critical stage, with an overhaul of the financial sector one of the most important and most complicated tasks to be tackled.

Thursday, 12 September, 2013, 3:26am

Shanghai free-trade zone may be extended to cover Pudong

The central government may eventually expand its proposed Hong Kong-like free-trade zone in Shanghai to cover the entire Pudong district, government sources say.

5 Sep 2013 - 11:18am 3 comments

Shanghai vice mayor Ai Baojun to head up free-trade zone later this month

Government sources familiar with the plan told the South China Morning Post that it will launch on September 27, when senior central government officials will fly to the city to attend a ceremony planned to mark the occasion. 

6 Sep 2013 - 7:58am

China Development Bank loans point to stealthy economic stimulus

China Development Bank (CDB) has agreed to fund massive infrastructure borrowing by three mainland provincial governments in the latest sign of an effort by Beijing to prop up growth with targeted bursts of lending.

15 Aug 2013 - 9:05am

Key Chinese cities and provinces set to receive stimulus - on the quiet

Government and banking industry sources familiar with the situation told the South China Morning Post that Agricultural Bank of China (Agbank), one of the big four state lenders, signed an agreement with the city government last week to provide loan credit worth 250 billion yuan (HK$314 billion) - equivalent to about 12.5 per cent of Shanghai's GDP for last year.

12 Aug 2013 - 7:23am 2 comments

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.

6 Sep 2013 - 8:00am 1 comment

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

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

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

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

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