Zhou Xiaochuan

Beijing giving foreign economists the cold shoulder

The central bank and regulators are now being more cautious about what they say to foreign economists. Photo: Reuters

Chinese government officials have quietly become more sceptical about foreign banks' research reports and are avoiding senior economists at global banks, partly because of growing mutual distrust over the scale and seriousness of the country's debt problems.

Wednesday, 19 February, 2014, 4:12am 16 comments

Central bank eyes new agency for forex investment

Central bank eyes new agency for forex investment

The People's Bank of China (PBOC) is working on a plan to establish a new government agency to invest its US$3.5 trillion of foreign exchange reserves abroad more efficiently.

7 Aug 2013 - 8:19am

Wider trading band the next logical step in reform of yuan

Zhou Xiaochuan. Photo: Xinhua

Beijing has foreshadowed a widening of the trading band of the yuan ahead of meetings of the International Monetary Fund, the World Bank and the G20 summit. This is true to form. The trading band was last widened around last year's financial summits. It is a time when China comes under pressure to allow its currency to rise. But while the move may help deflect criticism from trading partners, it has deeper significance.

22 Apr 2013 - 1:58am

Slowdown is nothing to fret over, says PBOC chief

Zhou Xiaochuan says China's economic shift has hit growth.

China's slower expansion in the first quarter was "normal" as the world's second-largest economy sacrifices growth to make structural reforms, People's Bank of China governor Zhou Xiaochuan said in the US at the weekend.

22 Apr 2013 - 2:50am

China expected to keep interest rates unchanged

The People's Bank of China (PBOC). Photo: Bloomberg

Mainland officials are expected to keep interest rates on hold in the first half of the year, a central bank adviser said, easing concerns that Beijing may raise rates after inflation reached a 10-month high last month.

20 Mar 2013 - 4:35am

PBOC sounds warning over local government loans

Zhou Xiaochuan says 20 per cent of the loans to the financing vehicles need to be paid out of local governments' budgets. Photo: Simon Song

People's Bank of China governor Zhou Xiaochuan said attention needed to be paid to the development of local governments' financing vehicles and their hidden risks.

14 Mar 2013 - 7:47am

Central bank chief Zhou Xiaochuan issues rising inflation alert

Zhou Xiaochuan, China's central bank governor, faced the media at a news conference yesterday in Beijing. Photo: Xinhua

Central bank governor Zhou Xiaochuan yesterday raised an alert about rising inflation and formally declared a shift to a tighter monetary policy this year. The government may also roll out new measures to control the property market, he told a news conference on the sidelines of the National People's Congress.

14 Mar 2013 - 8:57am

Beijing wise to keep its central banker

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

News that central bank governor Zhou Xiaochuan will stay in his post despite reaching the mandatory retirement age of 65 should be welcomed in China and overseas. It would be hard to name another mainland economic official who could match his experience in monetary affairs or enjoy the respect he has from the international financial community.

27 Feb 2013 - 5:29am

Top mainland bankers likely to stay on in jobs past retirement age

Zhou's vast experience likely to keep him in job. Photo: Reuters

In a departure from the usual game of musical chairs among China's political circle, People's Bank of China Governor Zhou Xiaochuan, and Guo Shuqing, head of the China Securities Regulatory Commission, are likely to stay on.

25 Feb 2013 - 5:43am

A Good Week for ... , February 24, 2013

Mickey Mouse

Hong Kong's house of mouse is finally making some money. The city's Disney park reported profits of HK$109 million, thanks to a 13 per cent rise in visitor numbers. 

24 Feb 2013 - 1:50am

Princelings' hands seen in plans to retain elderly bank chiefs

Zhou Xiaochuan. Photo: Reuters

Beijing's plan to keep several top bankers at their posts past the normal retirement age suggests the princelings faction is still exerting a strong influence on the Communist Party's economic and political decision-making, observers say.

23 Feb 2013 - 4:56am 1 comment

China's central banker skips retirement bar to stay on

Zhou Xiaochuan: out of the party inner circle, but still in place. Photo: Xinhua

China's central bank governor, Zhou Xiaochuan, will retain his post despite reaching the compulsory retirement age of 65 and being left out of the inner-circle of the Communist Party in last year's leadership reshuffle, sources told the Post.

21 Feb 2013 - 7:34am

Zhou will step down as PBOC chief, report says

Zhou Xiaochuan

Mainland central bank governor Zhou Xiaochuan will step down from his position next month, the China Securities Journal reported, without citing anyone.

The article, part of a profile on Saturday of Zhou, may be the first time an official media organisation has reported on the timing of his departure from the People's Bank of China. The newspaper is published by Xinhua.

5 Feb 2013 - 4:37am

In tackling shadow banking, China needs to pick a small target first

The Zhongshan Square Branch of Huaxia Bank in Shenyang, Liaoning Province. Photo: SCMP

China’s “shadow banks” have been one of the hottest topics in the financial press lately. Bank of China chairman Xiao Gang, who according to recent rumours would likely take over as China’s top banking regulator soon, has called for tighter regulation. Central bank governor Zhou Xiaochuan has also expressed his concern.

29 Jan 2013 - 8:57am

China’s PBOC chief search spurs focus on finance regulators

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

China’s likely search for a successor to Zhou Xiaochuan as central bank chief is spurring focus on the nation’s banking and securities regulators as the incoming Communist leadership overhauls top government positions.

27 Nov 2012 - 4:21pm