Zhou Xiaochuan

More convertible yuan next goal, China's central bank chief says

Zhou Xiaochuan

The People's Bank of China's next step in the overhaul of the exchange-rate system would focus on convertibility, governor Zhou Xiaochuan said yesterday, as his omission from a top Communist Party committee fuelled speculation he may retire.

Friday, 8 May, 2015, 9:46am

Central bank governor left out of key policymaking group

Zhou Xiaochuan

Central bank governor Zhou Xiaochuan appears a step nearer retirement after he was left out of a key policymaking group of the ruling Communist Party.

Zhou's name was a notable absence from the list of 205 members of the party's Central Committee, membership of which is a condition of holding a cabinet-ranked job such as central bank chief.

15 Nov 2012 - 4:49am

Optimism in China recovery but West still a worry

President Hu Jintao delivers his speech at the Great Hall of the People yesterday. Photo: Bloomberg

Central bank chief Zhou Xiaochuan was cautiously optimistic about the mainland's economic prospects yesterday but warned about uncertainties in the pace of recovery in Europe and the United States.

9 Nov 2012 - 7:32am

Book clue to future of China's central bank head

Zhou Xiaochuan

The publication of a book by Zhou Xiaochuan may fuel speculation that China's longest-serving People's Bank of China governor since the 1960s is close to retiring.

2 Nov 2012 - 5:30am

Beijing says yuan has reached equilibrium against US dollar

Zhou Xiaochuan

China says its currency has approached its equilibrium rate against the US dollar, indicating chances are slim that the yuan will continue rising significantly.

People's Bank of China governor Zhou Xiaochuan , in a speech delivered in Tokyo on his behalf by one of his deputies, stressed the yuan's valuation is mainly determined by the market, not government intervention.

15 Oct 2012 - 8:36am

China central bank says currency near equilibrium

Zhou Xiaochuan, governor of the People’s Bank of China, stayed away from the IMF meetings, but one of his deputies delivered his remarks on Sunday. Photo: AP

China’s currency has reached its equilibrium rate and its value is mainly determined by the market, rather than intervention, Beijing’s central bank chief said on Sunday, signalling there is little likelihood of major movement in the yuan’s value in the near future.

29 Aug 2013 - 4:13am

Economic reality should trump politics

Zhou Xiaochuan withdrew from the annual International Monetary Fund and World Bank meetings in Japan this week.  Photo: AP

Central banks in many major economies are independent of their governments. China's is not. There was no better illustration of this stark reality than when Zhou Xiaochuan withdrew from the annual International Monetary Fund and World Bank meetings in Japan this week.

12 Oct 2012 - 1:59am

China to ‘lose out’ by missing Tokyo IMF, Lagarde says

“[China] will be missing a great meeting," said IMF chief Christine Lagarde on Thursday in Tokyo. Photo: EPA

China will “lose out” by not sending its top two finance officials to important global economic meetings in Japan this week, IMF chief Christine Lagarde said on Thursday.

29 Aug 2013 - 4:13am

China central bank chief pulls out of IMF meeting amid Diaoyu row

Zhou Xiaochuan, governor of the People's Bank of China. Photo: Simon Song

China’s central bank governor will not lead the Chinese delegation at the IMF meeting this week, in what appeared to be a snub to host Japan.

29 Aug 2013 - 4:13am

China's central bank governor, Zhou Xiaochuan, led financial reform

Illustration: Adolfo Arranz

Zhou Xiaochuan has been head of the central bank, the People's Bank of China (PBOC), for almost 10 years but he will turn 65 in January and is due to retire, leaving some very big shoes to fill.

1 Oct 2012 - 1:54pm

Taming inflation is key for Beijing

Beijing will use a combination of monetary tools to tackle inflation and steer the mainland towards a soft landing, People's Bank of China governor Zhou Xiaochuan says.

Zhou's comment came as business activities in the non-manufacturing sector rebounded in March on rising market demand, strengthening the case for the world's second-largest economy escaping a bruising slowdown.

4 Apr 2012 - 12:00am

Talking points

Our editors will be looking ahead today to these developing stories ...

Vice-premier in London for economic talks

7 Sep 2011 - 12:00am

Beijing torn over inflation and growth

Premier Wen Jiabao and central bank governor Zhou Xiaochuan have reiterated Beijing's determination to check inflation - but many analysts say this is unlikey to mean more tightening measures as the balance of risks may have already shifted to growth from inflation.

Inflation rose to a three-year high of 6.4 per cent in June, data showed at the weekend.

12 Jul 2011 - 12:00am

No changes to tight monetary policy

Central bank governor Zhou Xiaochuan said the government will continue to enforce a tight monetary policy for 'some time' as consumer inflation is above a pre-set target.

17 Apr 2011 - 12:00am

PBOC calls for global financial co-operation

The world's financial supervisors needed to work together to overhaul the international financial system, starting with 'self-criticism', the research arm of the mainland's central bank said yesterday.

27 Mar 2009 - 12:00am