News Headline Summary

Market talk that China's current Securities Regulatory Commission chairman, Guo ShuQing, will be the next governor of the People's Bank of China - Unconfirmed

‘Market talk’ – Signifies information that has not been formally tested through traditional journalistic channels and therefore is to be treated as unsubstantiated. Any interpretation of the talk is taken at the readers own risk and is a representation of the rumours within the market place and never generated by ourselves.

Analysis details (09:25)

- It was Guo who announced that Beijing will expand the quota for the Renminbi Qualified Foreign Institutional Investor (RQFII) scheme by RMB 200bn from the current RMB 70bn at the weekend.
- According to the FT, Li and is one of the candidates for the position of head of the central bank if Zhou Xiaochuan steps down. With strong support from a powerful premier, he could promote some liberalization in China’s financial sector, albeit within the constraints of Li’s cautious attitude to reforms.

Full FT blog: http://blogs.ft.com/beyond-brics/2012/11/14/guest-post-dont-not-expect-radical-reforms-in-china/#axzz2CF4PvCTz

15 Nov 2012 - 09:22 - Fixed Income Bank Speaker - Source: RANsquawk

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: