People’s Bank of China handed increased powers as financial shake-up points to Liu He’s influence
- Gordon Watts
- Asia times
President Xi Jinping has opened the door for confidante Liu He to push through economic reforms after China’s central bank was handed more power in a major shake-up in the financial sector.
At the same time, the People’s Bank of China, or central bank, will be entrusted with writing the rules for the financial industry.
A raft of…