Sunday, October 25, 2020
Tags Xu Zhong

Tag: Xu Zhong

Open Clash between PBOC and MOF over Chinese Fiscal Policy Continues

The head of the Chinese central bank's research department has launched further criticism of China's fiscal policies after triggering a rare round of open...

Senior Policy Figures Argue over China’s Fiscal Stimulus

Some of the most influential figures in China's economics policy sphere are engaging in public argument over the proper extent and nature of ongoing...

PBOC Says China’s Fiscal System Reason Behind Its Leverage Woes

The head of research for the Chinese central bank has imputed China's leverage-related risk to problems with the country's fiscal and taxation system, and...

PBOC Outlines Changes to Regulatory System After Banking and Insurance Merger

Xu Zhong (徐忠), the head of the People's Bank of China's research department, has outlined key changes to the country's financial regulatory system that...

Let Local Governments Go Bankrupt Like Detroit in 2013: Chinese Central Bank

One of the Chinese central bank's senior-most officials has called for Beijing to completely abolish its control of local government bond issuance, and allow...

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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...