Former central bank deputy governor to head Bank of China: sources
Liu, who currently serves as executive vice-mayor of Tianjin city, will replace current chairman Ge Haijiao, who will move to become governor of China's northern Shanxi province, said the sources, who declined to be named as they are not authorised to speak to the media. The appointments will be announced as soon as this week, the sources said.
The Tianjin municipal government, Shanxi provincial government, and BOC did not immediately reply to Reuters' request for comment.
Liu, 59, has held several prominent positions in China's financial sector, including deputy governor of the People's Bank of China from November 2020 to April 2022 and president of state lender China Construction Bank from March 2019 to November 2020.
He was executive vice-president at sovereign investor China Investment Corp from 2014 to 2016.
Before that, Liu spent his career at major state lender Agricultural Bank of China for more than two decades.
Ge will succeed Jin Xiangjun, who was placed under investigation in April by China's anti-graft organ on suspicion of serious violation of law and discipline, according to the website of the Central Commission for Discipline Inspection.
Chinese President Xi Jinping has cracked down on corruption involving party members, saying in January that it is the biggest threat to China's Communist Party. REUTERS
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Straits Times
29 minutes ago
- Straits Times
New Zealand to charge foreign visitors at popular tourist sites
Sign up now: Get ST's newsletters delivered to your inbox New Zealand will begin charging foreign tourists up to NZ$40 (S$30) to visit its most popular tourist destinations such as Milford Track and Mount Cook as the government seeks ways to help spur economic growth. The country's pristine national parks and great walks are 'truly special to New Zealanders' and foreigners should pay a fee at high traffic sites, Prime Minister Christopher Luxon said in a speech Saturday. The NZ$62 million in annual revenue generated will be re-invested into those locations, he said. 'I have heard many times from friends visiting from overseas their shock that they can visit some of the most beautiful places in the world for free,' Luxon said. 'It's only fair that at these special locations, foreign visitors make an additional contribution of between NZ$20 and NZ$40 per person.' New Zealand has earmarked tourism as a key avenue to generate economic growth as the nation's recovery from a recession last year gathers pace. The government from November will replace a costly transit visa for Chinese travelers in a bid to attract visitors. The government will initially consider introducing the fee at Cathedral Cove, Tongariro Crossing, Milford Track and Mount Cook, sites where foreigners often make up 80% of visitors, Luxon said. 'At the same time, there will be no charge for New Zealanders to access the conservation estate,' he said. 'It's our collective inheritance and Kiwis shouldn't have to pay to see it.' BLOOMBERG
Business Times
an hour ago
- Business Times
New Zealand will make it easier to run businesses in conservation areas
[CANBERRA] New Zealand will make it easier to run businesses in conservation zones and charge foreign tourists to enter some areas in an effort to create jobs and increase economic growth, Prime Minister Christopher Luxon said on Saturday (Aug 2). The decision by the centre-right government, elected in 2023, is part of its efforts to boost New Zealand's tourism industry and stimulate a limp economy. It also comes at a time when people in countries around the world are protesting what they see as excessive numbers of tourists. 'We are going to fix the Conservation Act to unleash a fresh wave of concessions, such as tourism, agriculture, and infrastructure, in locations where that makes sense,' Luxon said in a statement. Business activities from guided walks and skiing to livestock grazing and infrastructure construction already take place in conservation areas, but permission takes too much time and effort to obtain, he said. 'Unleashing economic growth on one-third of New Zealand's land will create jobs and increase wages across the country,' the statement said. Foreign visitors will also be charged between NZ$20 (S$15.15) and NZ$40 to access some popular sites, while locals will continue to go free. 'Tourists make a massive contribution to our economy, and no one wants that to change. But I have heard many times from friends visiting from overseas their shock that they can visit some of the most beautiful places in the world for free,' said Conservation Minister Tama Potaka. REUTERS
Straits Times
2 hours ago
- Straits Times
Ukraine's drone attack injures one, sets homes on fire in Voronezh, Russia says
Sign up now: Get ST's newsletters delivered to your inbox A woman sustained a leg injury from Ukraine's overnight drone attack on Voronezh that also resulted in several homes and utility buildings catching fire from falling drone debris, the governor of the southern Russian region said on Sunday. Air defence units destroyed about 15 Ukrainian drones over the region, the governor of Voronezh, Alexander Gusev, wrote on the Telegram messaging app. "The threat of further drone attacks remains," Gusev said in the post early on Sunday. Reuters could not independently verify Gusev's report. There was no immediate comment from Ukraine. Both sides deny targeting civilians in their strike in the war that Russia launched with a full-scale invasion on Ukraine in February 2022. Kyiv says that its attacks inside Russia are aimed at destroying infrastructure key to Moscow's war efforts and are in response to Russia's relentless strikes on Ukraine. The Russian defence ministry said that its units destroyed 41 drones just before midnight on Saturday over Russian regions bordering Ukraine and over the waters of the Black Sea. REUTERS
