China’s new financial and regulatory architects

Hui Feng

The conclusion of China’s National People’s Congress in March unveiled a new team of leaders for China’s financial watchdogs. It ended months of wild speculation – particularly on the candidacy of a new People’s Bank of China (PBoC) governor after Zhou Xiaochuan, had earlier failed to enter the party’s top decision-making body, the Central Committee and, at the age of 63, was set to retire according to official rules.
As it turned out, Zhou was reappointed as the PBoC governor. Sources suggest

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