China's business press carried the following stories on Monday. China.org.cn has not checked the stories and does not vouch for their accuracy.
Central bank governor refutes rate increase rumor Shanghai Securities News
Zhou Xiaochuan, governor of the People's Bank of China, speaking at the Boao Forum for Asia 2010 Saturday , refuted market speculation that the central bank will increase interest rates.
He made the statement in response to growing concern that the central bank will increase interest rates, bringing to an end the loose monetary policy that has been in place since 2007.
But Zhou said the central bank remained committed to maintaining the stability of the yuan, avoiding inflation, and controlling lending.
Xie Ping remains CIC executive, but job changes the Economic Observer & Century Weekly Magazine
Xie Ping will remain deputy manager of China Investment Corp (CIC), China's US$300 billion sovereign wealth fund, after quitting as general manager of the company's domestic arm, Central Huijin Company, last week, according to sources familiar with the issue.
Xie Ping will now manage the fund's overseas investment projects.
Xie was born in 1955 and has a PhD in economics. He formerly worked at the People's Bank of China and Shenyin & Wanguo Securities.
'CIC II' will be launched in the first half of this year Oriental Morning Post
A new state-owned asset management company, nicknamed "China Investment Corp II", will be launched in the first half of 2010, Shao Ning, vice director of the state-owned Assets Supervision and Administration Commission of the State Council (SASAC), said.
According to reports, dividends from State-owned enterprises (SOEs) will be injected into the fund - officially known as Guoxin Asset Management Co. But Shao Ning said the capital injection plan had not been finalized.
The major function of the new company, which will be wholly owned by SASAC, is to facilitate consolidation of SOEs to help meet the goal of reducing the number of centrally-administered SOEs from the current 128 to 80-100 by the end of the year.
