Wednesday, March 07, 2007
1984年至1988年任国务院办公厅调研室财金组主任科员、副组长，1988年任中国社会科学院财经物资经济研究所成本价格室主任，1988年至 1992年任上海市经济体制改革办公室副主任，1992年至1995年任国家体改委宏观调控体制司司长，1995年至1998年4月任贵州省副省长、政府 党组成员，1998年4月至现在任财政部副部长、党组副书记。 十六届中纪委委员。
Beijing Appoints Official To State Council Position
By RICK CAREW
March 7, 2007
BEIJING -- China confirmed the appointment of a senior Finance Ministry official as deputy secretary-general of the State Council yesterday, to lead preparations for a new agency that will more actively manage the country's foreign-exchange reserves.
Lou Jiwei, 56 years old, formerly a vice minister of finance, has been promoted to the ministry-level post, the State Council said on its Web site.
A person familiar with the situation said in February that Mr. Lou would be appointed to the position. Yesterday's government statement didn't mention his role in the agency, which is expected to manage a portion of the country's $1.07 trillion in reserves.
Financial markets are closely watching China's plans for the new entity -- in the works since late last year -- for signs of how much of the country's reserves will be shifted out of safe assets such as U.S. Treasurys and into higher-yielding, more-strategic investments.
Economists expect between $200 billion and $300 billion of the reserves to be allocated to the new agency.
Mr. Lou, an English speaker, was a key member of former Chinese Premier Zhu Rongji's unofficial brain trust of young economists, alongside current People's Bank of China Gov. Zhou Xiaochuan and China Construction Bank Corp. Chairman Guo Shuqing. Under Mr. Zhu's leadership all three helped shape China's financial overhauls in recent years.
Mr. Lou is known as one of the architects of China's 1994 tax overhauls, credited with boosting national revenue and strengthening the central government's grip on provincial governments.
He holds a master's degree in economics from the Chinese Academy of Social Sciences, a prominent government think tank and educational institution, and has served in numerous financial-policy positions in the government.
Before becoming vice minister of finance, he was a vice governor of the southwestern province of Guizhou.
Few details have emerged about the exact scope of the agency's investment. Vice Premier Zeng Peiyan has advocated that China invest more of its foreign-exchange reserves in strategic assets such as oil.
Mr. Lou's title of State Council deputy secretary-general indicates the new agency will be managed directly by the State Council, rather than fall under a particular ministry's authority.
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