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China’s banks reduce risks

There are not many people in China as knowledgeable about the financial system as Lou Jiwei. After graduating, he began his career in 1984 at the Institute of Finance and Trade Economics of the Chinese Academy of Social Sciences. From 1992, he was deputy director of the Beijing Municipal Economic Reform Bureau and director of the State Economic Restructuring Commission. Later, he led the state-owned China Investment Corporation, the agency responsible for managing China’s vast foreign exchange reserves, for years. From 2013 to 2016, Lou served as finance minister.

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