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Wednesday, April 7, 2010 as of 11:14 AM ET

Zhou Xiaochuan

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Zhou Xiaochuan

Zhou Xiaochuan () (born January 29, 1948) is a Chinese economist, banker, reformist and bureaucrat. As governor of the People's Bank of China since December 2002, he has been in charge of the monetary policy of the People's Republic of China.

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China PBOC Says Financial Reform Needs Bold Steps

China needs to take "bold steps" in financial reforms aimed at aiding smaller companies and the private sector, central bank Gov.

Zhou Xiaochuan was quoted on Tuesday as saying.In a statement posted on the website of the People's Bank of China, Zhou said that the "correct direction and principles" must be maintained, but only by moving ahead forcefully can authorities meet the expectations of the central government and people of Wenzhou, a center of private business that has been chosen as the site for an experiment in financial reform.Zhou made his remarks on Monday during a visit to Wenzhou in eastern China's Zhejiang province.China's state-dominated banking system has often been criticized as being unable -- or unwilling -- to meet the financing needs of smaller, private businesses, and pressure has been building on Beijing to address the issue.Late last month, China announced a trial project to allow private lenders in Wenzhou to operate as investment companies to help small and me...

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  1. PBOC's Zhou Says Conditions Ripe For Interest Rate Liberalization

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