China seeks HK expert to join central bank

China's Premier Zhu Rongji is seeking a Hong Kong banker to become a deputy governor of the country's central bank, a move which analysts say shows Beijing is serious about beefing up its regulatory control of the banking sector.

The Chinese economic czar disclosed his plan to Hong Kong delegates to the National People's Congress (NPC) during a meeting with them in Beijing on Mar 8. Zhu said Beijing needed more overseas expertise to cope with rapid financial reforms, and assist the country's e