Sample Document

Sample Document for Search: Newspapers-Asia-Pacific

PBOC chief heads business members

South China Morning Post , Business News , p 2
December 31 1995
Word Count: 419
TEXT: NONE of the 56 mainland members of the Hong Kong Preparatory Committee (PC) can be described as out-and-out businessmen, but a handful are familiar with Hong Kong's economy in their capacities as state officials.
The most prominent of these is Chen Yuan, the son of the late senior leader Chen Yun, who is a director of the People's Bank of China.
Mr Chen, 50, has been a vice-governor of the PBOC since 1988. He graduated as an engineer from the prestigious Qinghua University and spent most of his career after 1981 working in the Beijing municipal party.
Another banker and one of the oldest members of the PC is Jing Shuping, 77, a standing member of the board of directors of Citic, which has major investments in Hong Kong.
Although Mr Jing had a career as a businessman in Shanghai before 1949 - at one time he was the deputy manager of a cigarette factory - he became a full-time official in the 1950s when the Communist Party nationalised the entire economy.
During the 1960s and 1970s he lost all his positions, but after 1981 he was rehabilitated and was appointed a leading member of the All-China Federation of Industry and Commerce.
The third banker is Wang Xuebing, a director of the Bank of China, which has extensive interests in Hong Kong.
Mr Wang and several other PC members were selected to represent the interests of their organisations and because their responsibilities included Hong Kong affairs.
These include Zhang Liangdong, who looks after economic issues in the State Council's Hong Kong and Macau Affairs Bureau; Li Guohua, vice-minister at the Ministry of Foreign Trade and Economic Relations; and Yu Xiaosong, deputy minister and deputy director of the State Economic and Trade Commission.
Mr Yu, another engineering graduate from Qinghua University, worked as a full-time party official after graduation. After 1979, he worked in Beijing dealing with the development of the capital's real estate market and its foreign trade and investment.
Another figure with experience in China's economic reforms is Gao Shangquan, deputy director of a reformist think tank, the Research Group for Restructuring the Chinese Economic System.
The only southerner and Cantonese-speaker in this group of cadres is Gan Ziyu, a vice-minister at the State Planning Commission. An engineering graduate from the Zhongshan University, he also worked as a part-time lecturer at Beijing University's Management Science Centre.
Rare among senior party cadres, he has also written several books, including Factory Planning.
CAPTION: Copyright (c) 1995 South China Morning Post All rights reserved.

Top