Personnel Watch: Decoding Guo Shuqing as People’s Bank of China Party Secretary

Following an internal meeting on March 26, the People’s Bank of China (PBoC) announced that central bank chief Yi Gang would serve as the bank’s deputy Party secretary. Guo Shuqing would serve as PBoC Party secretary and vice president. On March 21, Guo was named as director and Party secretary of the new China Banking …

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Decoding China’s Proposal to Merge Banking, Insurance Regulators

According to a reorganization plan deliberated by the 13th National People’s Congress (NPC) on March 13, several State Council institutions would be dissolved or merged. One such merger is that of the banking and insurance regulators into a single entity, the China Banking and Insurance Regulatory Commission (CBIRC). The CBIRC reports directly to the State …

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Risk Watch: Another Three Hengfeng Bank Executives Probed

Recently, another three executives of Hengfeng Bank (Evergrowing Bank) were investigated for economic crimes. Bi Jifan, Hengfeng’s vice president, was among those who were probed. He was suspected of being involved in problem loans and with the corruption case of Hengfeng president Cai Guohua. The Chinese authorities announced that Cai was arrested for breaking Party …

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Is Liu He the Next China Central Bank Chief?

Near the end of February, several media outlets reported that Liu He, a Politburo member and director of the Leading Group for Financial and Economic Affairs, will be appointed vice premier in charge of finance and the next president of the People’s Bank of China (PBoC). We anticipated Liu’s entry into the Politburo before the …

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Risk Watch: Analyzing HNA’s Future Directions

In 2016, HNA Group went on a global acquisition spree. One year later, the company pulled its brakes and has been selling its assets ever since. Whether or not HNA, a company which grew by expanding its debt, can survive its financial troubles will have a significant impact on China’s debt crisis. The backdrop: On …

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