People’s Bank of China Governor Zhou Xiaochuan attends a session of the World Economic Forum (WEF) after his reported article on the Shenzhen-Hong Kong stock connect roiled the markets. The PBOC clarified the article came from excerpts of a speech delivered six months ago. Photo: AFP
People’s Bank of China Governor Zhou Xiaochuan attends a session of the World Economic Forum (WEF) after his reported article on the Shenzhen-Hong Kong stock connect roiled the markets. The PBOC clarified the article came from excerpts of a speech delivered six months ago. Photo: AFP

How Shenzhen-Hong Kong stock connect blunder reveals central bank governor's ambition to take charge of China’s capital accounts reform

PBOC’s error highlighted the overlapping responsibilities of China’s authorities

People’s Bank of China Governor Zhou Xiaochuan attends a session of the World Economic Forum (WEF) after his reported article on the Shenzhen-Hong Kong stock connect roiled the markets. The PBOC clarified the article came from excerpts of a speech delivered six months ago. Photo: AFP
People’s Bank of China Governor Zhou Xiaochuan attends a session of the World Economic Forum (WEF) after his reported article on the Shenzhen-Hong Kong stock connect roiled the markets. The PBOC clarified the article came from excerpts of a speech delivered six months ago. Photo: AFP
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