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Financial Stability And Development Committee
The Financial Stability and Development Committee (FSDC, ) was a Chinese financial regulatory body under the State Council of the People's Republic of China, State Council that existed between 2017 and 2023. During its existence, it was chaired by member of the Politburo of the Chinese Communist Party and vice premier Liu He (politician), Liu He. History In August 2013, China indicated that it would create a new government body to coordinate financial regulation. The announcement was made amidst a wide variety of regulatory reforms as government concern about the corporate debt bubble grew in China. Communist Party of China, Chinese Communist Party (CCP) General Secretary of the Communist Party of China, general secretary Xi Jinping at the July 2017 National Financial Work Conference gave a speech describing the Financial Stability and Development Committee, by name, stating that its purpose would be to “strengthen Financial regulation, financial regulatory coordination and su ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Emblem Of The People's Republic Of China
The National Emblem of the People's Republic of China is a national symbol of the China, People's Republic of China and contains in a red circle a representation of Tiananmen, Tiananmen Gate, the entrance gate to the Forbidden City chinese palace, imperial palace complex of the Ming Dynasty, Ming and Qing Dynasty, Qing Dynasties, where Mao Zedong declared the foundation of the People's Republic of China (PRC) in 1949. Above this representation are the five stars found on the flag of China, national flag. The largest star represents the Chinese Communist Party (CCP), while the four smaller stars represent the four revolutionary social classes as defined in Maoism. The emblem is described as being "composed of patterns of the national flag":Description of the National Emblem from Chinese Go ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lame Duck (politics)
In politics, a lame duck or outgoing politician is an elected official whose successor has already been elected or will be soon. An outgoing politician is often seen as having less influence with other politicians due to his or her limited time left in office. Conversely, a lame duck is free to make decisions that exercise the standard powers with little fear of backlash, such as issuing executive orders, pardons, or other controversial edicts. Lame duck politicians result from term limits, planned retirement, or electoral losses, and are especially noticeable where political systems build in a delay between the announcement of results and the taking of office by election winners. Even at the local level, politicians who do not seek re-election can lose credibility and influence. Uncompleted projects may fall to the wayside as their influence diminishes. Description The status can be due to: * having lost a re-election bid * choosing not to seek another term, which would start a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Administration Of Foreign Exchange
The State Administration of Foreign Exchange (SAFE) of the People's Republic of China is an administrative agency under the State Council tasked with drafting rules and regulations governing foreign exchange market activities, and managing the state foreign-exchange reserves, which at the end of December 2016 stood at $3.01 trillion for the People's Bank of China. The current director is Zhu Hexin. Background In 1979, the State Council approved the People's Bank of China's Proposal on the Reform of China's Banking System. This resulted in the establishment of the State Central Administration of Foreign Exchange (SCAFE), which managed China's then-small amount of foreign reserves. Although under the authority of the State Council, SCAFE was administered by the People's Bank of China. After the State Council reorganization in 1983, SCAFE became a subsidiary of the People's Bank of China and became known by its current name, the State Administration of Foreign Exchange. In 1988 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liu Shiyu
Liu Shiyu (; born November 1961) is a Chinese banker and former public official. He was best known for his term as head of the China Securities Regulatory Commission between 2016 and 2018. Liu previously served as President of the Agricultural Bank of China from 2014 to 2016. He turned himself into the authorities for disciplinary violations in 2019, and was demoted given a party membership suspension. At the time, he was serving as Chairman of the All-China Federation of Supply and Marketing Cooperatives. Liu was the second ministerial-level official to hand in to anti-corruption authorities since the 18th National Congress of the Chinese Communist Party in late 2012. Biography Liu was born in Guanyun County, Jiangsu. He graduated from Tsinghua University initially in hydraulic engineering, then and received a master's combined degree in engineering and management, and a doctorate in economics. Between 1987 and 1996, he worked for the Shanghai municipal economic structural reform ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Securities Regulatory Commission
The China Securities Regulatory Commission (CSRC) is a government agency directly under the State Council of the People's Republic of China. It is the main regulator of the securities industry in China. History Indicative of the role of the CSRC, China's highest court, the Supreme People's Court–at least as of 2004–has declined to handle securities-related litigation directly, instead deferring such judgments to the CSRC. In November 2022, it stated its role to build "a capital market with Chinese characteristics". In 2023, the CSRC was upgraded to a government agency directly under the State Council as part of the plan on reforming Party and state institutions. Additionally, it was granted responsibility auditing corporate bond issuances from the National Development and Reform Commission. In late 2023 and early 2024, the CSRC instructed some institutional investors not to sell stocks in order to stabilize share prices. Functions China's first Securities Law was pas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guo Shuqing
Guo Shuqing (; born 23 July 1956) is a Chinese politician, banker, and financial regulator. He is the chairman of the China Banking and Insurance Regulatory Commission. Guo spent most of his career in the finance industry. He was the Governor and Deputy Party Secretary of Shandong province, chairman of the China Securities Regulatory Commission (CSRC), chairman of China Construction Bank, chairman of the State Administration of Foreign Exchange, vice-governor of the People's Bank of China and vice-governor of Guizhou Province as well as the director of the State Administration of Foreign Exchange. Early life and education Guo Shuqing was born in August 1956 in Chahar Right Back Banner, Inner Mongolia Autonomous Region, near the city of Ulanqab. He is of Han Chinese background. In August 1974, he joined a farming commune in Siziwang Banner, near the regional capital Hohhot, as a laborer during the Down to the Countryside Movement. In 1978, he became part of the first batch of s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Banking And Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission (CBIRC) was an agency of the State Council of China authorised to * Supervise the establishment and ongoing business activities of banking and insurance institutions. * Take enforcement actions against regulatory violations. The commission was replaced by the newly formed National Financial Regulatory Administration in May 2023. History The CBIRC was established in April 2018 as part of the deepening the reform of the Party and state institutions by a merger of China's banking and insurance regulators, namely, the China Banking Regulatory Commission (CBRC) and China Insurance Regulatory Commission (CIRC). It supervised and managed China's banking and insurance sectors, participated in the drafting of legislation and regulation relevant to those sectors, performed supervisory and management functions in those sectors, and conducting studies on the management of those sectors. As a result of these functions, it was also inv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ding Xuedong
Ding Xuedong (born February 1960) is a Chinese politician. He is the current Communist Party Secretary and Vice Chair of the National Council for Social Security Fund. Previously, he served as the Chairman & CEO of China Investment Corporation and the Executive Deputy Secretary-General of the State Council (minister-level). Education Ding holds a Ph.D. in economics from the Research Institute for Fiscal Science, Ministry of Finance. Career In his earlier career, Mr. Ding served as Director General of the Department of Property Rights and Director General of the Department of Human Resources & Head of the General Office, State-owned Asset Administration Bureau. Subsequently, he held several positions in the Ministry of Finance, including Vice Minister, Assistant Minister, Director General of the Department of Education, Science and Culture, Director General of the Department of Agriculture and Director General of the Department of State-owned Capital Administration. Di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yi Gang
Yi Gang () (born 5 March 1958) is a Chinese economist who served as the governor of the People's Bank of China from 2018 to 2023, vice governor of the People's Bank of China from 2007 to 2018, director of the State Administration of Foreign Exchange from 2009 to 2015, and assistant governor of the People's Bank of China from 2004 to 2007. Biography Yi Gang was born in Beijing, March 5, 1958. He studied at Beijing University, Hamline University in Saint Paul, Minnesota, and obtained his Ph.D. in Economics from the University of Illinois Urbana–Champaign, with a dissertation on statistical model selection methods. He became an Associate Professor with tenure at Indiana University–Purdue University Indianapolis and then joined the faculty of Peking University as professor, deputy director of the Center for Economics Research, and Ph.D. advisor in Economics. He went to the People's Bank of China in 1997 and then successively served as Deputy Secretary-General and Secretary-Ge ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yi Gang World Economic Forum 2013 (2)
Yi or YI may refer to: Philosophic principle * Yi (philosophy) (义; 義, righteousness, justice) among the Three Fundamental Bonds and Five Constant Virtues Ethnic groups * Dongyi, the Eastern Yi, or Tung-yi (Chinese: , ''Yí''), ancient peoples who lived east of the Zhongguo in ancient China * Yi people (Chinese: , ''Yí''; Vietnamese: ''Lô Lô''), an ethnic group in modern China, Vietnam, and Thailand Language * Yi (Cyrillic), the letter of the Ukrainian alphabet written "Ї" and "ї" * Yi language or the Nuosu language spoken by the Yi people of China * Yi script, either of two scripts used to write the Yi languages * Yiddish (ISO 639-1 language code: yi), the historical language of the Ashkenazi Jews * Yi, an obsolete Japanese kana Mythology and religion * Yi the Archer or Houyi, a heroic archer and hunter in Chinese mythology * Yi (husbandman), also known as Boyi or Bo Yi, a heroic user of fire and government minister in Chinese mythology People Surname * Yi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South China Morning Post
The ''South China Morning Post'' (''SCMP''), with its Sunday edition, the ''Sunday Morning Post'', is a Hong Kong-based English-language newspaper owned by Alibaba Group. Founded in 1903 by Tse Tsan-tai and Alfred Cunningham, it has remained Hong Kong's newspaper of record since British colonial rule. Editor-in-chief Tammy Tam succeeded Wang Xiangwei in 2016. The ''SCMP'' prints paper editions in Hong Kong and operates an online news website that is blocked in mainland China. The newspaper's circulation has been relatively stable for years—the average daily circulation stood at 100,000 in 2016. In a 2019 survey by the Chinese University of Hong Kong, the ''SCMP'' was regarded relatively as the most credible paid newspaper in Hong Kong. The ''SCMP'' was owned by Rupert Murdoch's News Corporation from 1986 until it was acquired by Malaysian real estate tycoon Robert Kuok in 1993. On 5 April 2016, Alibaba Group acquired the media properties of the SCMP Group, including ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Financial Commission
The Central Financial Commission (CFC) is a commission of the Central Committee of the Chinese Communist Party (CCP) that supervises and manage the Chinese financial system. History The CFC was established in 2023 under CCP general secretary Xi Jinping as part of the plan on reforming Party and state institutions, together with the Central Financial Work Commission. According to Chinese state media, the new body would strengthen the CCP's "centralized and unified leadership over financial work". The CFC oversaw the dissolution of the Financial Stability and Development Committee (FSDC), a State Council body established in 2017, with FSDC's office being absorbed into the CFC. The CFC began operations in late September. The CFC Office has drawn personnel from other financial institutions such as the People’s Bank of China, the Ministry of Finance, and the National Development and Reform Commission. Functions The CFC's role is to broadly oversee the country's financial sys ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
