Xi Jinping flanked by Hu Jintao (left) and Jiang Zemin (right) at the closing session of the 19th National Congress. Photo: Xinhua
Aidan Yao
Opinion

Opinion

Macroscope by Aidan Yao

Temper hopes for big state enterprise reform in Xi’s second term

‘We expect the overall financial reform to proceed at a decent clip, although moves in some areas may be more cautious than others, given the need to maintain stability’

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Xi Jinping flanked by Hu Jintao (left) and Jiang Zemin (right) at the closing session of the 19th National Congress. Photo: Xinhua
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Aidan Yao

Aidan Yao

Aidan Yao is senior emerging Asia economist at AXA Investment Managers. Prior to joining AXA IM, he was a senior financial market analyst at the Hong Kong Monetary Authority for two years. He started his career at the Reserve Bank of New Zealand in 2007, serving as an economist and later senior financial market analyst until late 2011. He holds a master degree in finance (2006) and a bachelor degree in economics and finance (2005) from the University of Otago (NZ). He is also a chartered financial analyst.