Age, Biography and Wiki

Zhou Xiaochuan was born on 29 January, 1948 in Yixing, Jiangsu, Republic of China, is a banker. Discover Zhou Xiaochuan's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 75 years old?

Popular As N/A
Occupation banker economist
Age 76 years old
Zodiac Sign Aquarius
Born 29 January 1948
Birthday 29 January
Birthplace Yixing, Jiangsu, Republic of China
Nationality China

We recommend you to check the complete list of Famous People born on 29 January. He is a member of famous banker with the age 76 years old group.

Zhou Xiaochuan Height, Weight & Measurements

At 76 years old, Zhou Xiaochuan height not available right now. We will update Zhou Xiaochuan's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
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Dating & Relationship status

He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.

Family
Parents Not Available
Wife Not Available
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Children Not Available

Zhou Xiaochuan Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is Zhou Xiaochuan worth at the age of 76 years old? Zhou Xiaochuan’s income source is mostly from being a successful banker. He is from China. We have estimated Zhou Xiaochuan's net worth , money, salary, income, and assets.

Net Worth in 2023 $1 Million - $5 Million
Salary in 2023 Under Review
Net Worth in 2022 Pending
Salary in 2022 Under Review
House Not Available
Cars Not Available
Source of Income banker

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Timeline

2018

Zhou previously served as Vice-Governor of the People's Bank of China, Director of the State Administration of Foreign Exchange, Governor of China Construction Bank, and Chairman of the China Securities Regulatory Commission. He retired in 2018.

2017

In October 2017, Zhou named three reforms he believed were crucial for China's economic future: scrapping capital account controls, letting the market freely decide the yuan's value and embracing free trade and investment.

2015

In September 2015, Zhou addressed the G-20 finance meeting in Ankara about the sharp, sustained drop in the Chinese stock market in 2015 and said that the "correction in the stock market is almost done."

2013

In March 2013, Zhou was reappointed as the governor of People's Bank of China. His reappointment came as "China's newly installed political chiefs - headed by Communist Party general secretary Xi Jinping and Premier Li Keqiang." Earlier in Zhou's career, "as a protege of former Premier Zhu Rongji, [Zhou] helped draw up the blueprint to wean the economy off central planning."

During a 5 March 2013 meeting of the National People's Congress and the Chinese People's Political Consultative Conference, Zhou announced the People's Bank of China would deal with the "ramifications of the excessive money supply and will gradually control the new money supply" because of the 2008 fourth quarter financial crisis.

2009

On 24 March 2009, Zhou gave a speech, "Reform the International Monetary System". He argued that the ongoing financial crisis was made more severe by inherent weaknesses of the current international monetary system and called for a gradual move towards using IMF special drawing rights (SDRs) as a centrally managed global reserve currency. He argued that it would address the inadequacies of using a national currency as a global reserve currency, particularly the Triffin dilemma, the dilemma faced by issuing countries in trying to simultaneously achieve their domestic monetary policy goals and meet other countries' demand for reserve currency. Zhou explained global currency diversification was needed because an over concentration of foreign assets denominated in the dollar may bring about undesired consequences. Zhou argued that it was regrettable that John Maynard Keynes's "farsighted" bancor proposal was not adopted at Bretton Woods in the 1940s.

2002

In December 2002, he was appointed to his present position by Premier Zhu Rongji as governor of the People's Bank of China and also took over the position of chairman of monetary policy committee of the People's Bank of China from January 2003. In 2010, he was serving his second five-year term.

2000

From 2000 to 2002, Zhou was the chairman of the China Securities Regulatory Commission. While there, he earned the nickname Zhou "Bapi" (周扒皮), Zhou "the flayer". He targeted corruption in listed companies, angering many small shareholders, who saw their shares fall. In July 2001, Zhou declared his intention to reduce state ownership in the stock market. The stock market quickly went into freefall, forcing him to abandon his plans that October. He emphasized the role of market mechanisms, worked to reduce red tape and aimed to protect retail investors.

1998

During 1998 to 2000, he served as president of the China Construction Bank and oversaw the creation of asset-management companies charged with working out the banking system's bad debt. He also played a part in managing China's vast foreign exchange reserves.

1991

Between 1991 and 1995, he was executive director and vice president of Bank of China. From 1995, he assumed the position of Administrator of State Administration of Foreign Exchange. From 1996 to 1998, he served both as Deputy Governor of the People's Bank of China and Administrator of the State Administration of Foreign Exchange.

1986

In 1986, he started working in the State Council of the People's Republic of China on economic restructuring as a member of the Economic Policy Group of the State Council and Deputy Director of the Institute of Chinese Economic Reform Research. He served as Assistant Minister of Foreign Trade from 1986 to 1989 and between 1986 and 1991, he was also a member of the National Committee of Economic Reform. Before the Tiananmen Square protests of 1989, Zhou was an associate and protégé of Zhao Ziyang, General Secretary of the Communist Party of China. In Pillbury's book, Zhou was one of the conservatives that rejected the Russian model of privatization and political reforms (favoured by reformers) and opted for maintaining CPC political control while allowing state-owned enterprises to be subjected to market reforms. State-owned enterprises were floated on the stock market, influenced with western corporate governance standards as well as transformed into national champions of the Chinese economy. China avoided SOE sold on the cheap to a select few who undoubtedly could become powerful Oligarchs like in the Russian economy.

1978

Between 1978 and 1985, he was studying for a master's degree in Industrial Application of System Engineering in China Academy of Machinery Science and Technology and Ph.D. in Science at Tsinghua University.

1975

Zhou Xiaochuan graduated from Beijing Institute of Chemical Technology (now Beijing University of Chemical Technology) in 1975 and received a Ph.D. degree in Automation and Systems Engineering from Tsinghua University in 1985. From 1987 to 1988, he was a visiting scholar at the University of California, Santa Cruz, US.

1968

During the early days of the Cultural Revolution, he worked at a Production and Construction Corps in Heilongjiang province from 1968 to 1972. He was sent to the Beijing Institute of Chemical Technology as a Gong Nong Bing Student (students selected from workers, farmers ,and military, a common practice of college admissions in the Cultural Revolution) in 1972. After graduating from college in 1976, he was assigned to the Beijing Research Center of Automation as an engineer studying large automation systems.

1949

Born in Yixing, Jiangsu province, he was the son of Zhou Jiannan and Yang Weizhe (杨维哲). The elder Zhou was the head of Electric and Industrial Bureau of the North East district in 1949. He later became Vice Minister of First Department of Machinery Development in 1961. During the Cultural Revolution, Zhou Xiaochuan joined the Production and Construction Corps in Heilongjiang province while his father was persecuted.

1948

Zhou Xiaochuan (Chinese: 周小川; pinyin: Zhōu Xiǎochuān) (born 29 January 1948) is a retired Chinese economist, banker, reformist and bureaucrat. Zhou served as the Governor of the People's Bank of China from 2002 to 2018. In 2001, his policies led to a stock crash, forcing him to revise his outlooks.