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He Lifeng

The latest news on Chinese economist and politician He Lifeng, Vice Premier of the People’s Republic of China, including political stories and updates.

Born

Feb 1955

Industry

Politics

Job Title

Vice Premier of China

last updated:

7 October, 2024

US president-elect Donald Trump (left) and Chinese President Xi Jinping, shown here in 2017, have been communicating ahead of the US presidential inauguration, according to Beijing. Photo: TNS

US-China relations

China confirms Xi Jinping and Donald Trump have been in touch since US election

The news comes a day after US president-elect says he and Chinese leader have been communicating and will ‘probably get along very well’.

7 Jan 2025 - 7:54PM

Banking & finance

Citigroup CEO meets Chinese officials as Beijing touts financial market reforms

22 Nov 2024 - 1:06PM

Alibaba

Alibaba pulls in US$5 billion from dual-currency bond offering

20 Nov 2024 - 10:38PM

US-China relations

Janet Yellen, senior China finance official discuss Beijing’s stimulus measures

US Treasury chief reiterates Washington’s concerns about industrial overcapacity and impact on American workers and firms.

26 Oct 2024 - 4:24PMvideocam

US Secretary of the Treasury Janet Yellen has expressed discontent with China’s recent economic stimulus measures. Photo: Getty Images via AFP

China's economic recovery

Chinese vice-premier urges more ‘white list’ lending to stabilise housing market

He Lifeng calls for efforts to help China beat property sector slump, which has been a stumbling block to economic recovery.

13 Oct 2024 - 8:00PMvideocam

China-Russia relations

In China, Russian diplomat pushes ‘peace and security’ amid Ukraine incursion

Trip by Russia’s deputy foreign minister comes as Beijing shows more interest in intervening in war and increasing engagement with Kyiv.

20 Aug 2024 - 8:46PM

US-China relations

China hopes US firms can ‘play a strong role’ after top executives visit Beijing

A delegation from the US-China Business Council met with Chinese Vice-Premier He Lifeng and Foreign Minister Wang Yi in Beijing on Monday.

23 Jul 2024 - 1:26PMvideocam

Chinese Foreign Minister Wang Yi meets with a delegation from the US-China Business Council in Beijing. Photo: XInhua

Two Sessions 2024

‘A whole new ball game’: China’s central bank looks to learn from US blunders

After changes to its leadership and structure, and with draft laws altering its scope, China’s central bank looks to be taking on a different role from years past – one which seems notably distinct from Western norms.

13 Mar 2024 - 11:02AMvideocam

US-China relations

Senior Chinese officials voice concerns on US tariffs, investment curbs

Third meeting of Economic Working Group also covered financial cooperation within the G20 framework, industrial policies and debt issues.

7 Feb 2024 - 5:35AMvideocam

US-China relations

US, China officials to meet in Beijing this week, furthering economy talks

Discussions will cover topics including the macroeconomic outlook, the two countries’ investment-screening regimes and coordination on debt and climate change, officials said.

6 Feb 2024 - 2:45AM

Officials from the US and China are to meet this week, with the global economy, investment-screening regimes, debt and climate change among the topics expected to be discussed. Photo: Shutterstock

China’s Communist Party

China’s top prosecutors promise financial crime crackdown is about to ramp up

Head of the Supreme People’s Procuratorate’s economic crimes office says targets will include insider trading and market manipulation.

5 Feb 2024 - 3:37PMvideocam

Crimes that damage the order of the capital market and the interests of limited companies will be targeted, a senior prosecutor in China has said. Photo: Bloomberg

China's economic recovery

‘Soft start’ to 2024 for China’s economy despite manufacturing rebound

China’s official manufacturing purchasing managers’ index rose slightly to 49.2 in January, but the gauge remained in contraction for a fourth consecutive month, data released on Wednesday showed.

31 Jan 2024 - 4:08PM

China's economic recovery

Chinese vice-premier urges support for listed firms to stabilise stock market

He Lifeng tells cadres to step up support for ‘high-quality development’ to stem loss of confidence and entice sceptical investors.

30 Jan 2024 - 6:07PMvideocam

US-China relations

Senior Chinese and US finance officials agree to ‘continue to meet regularly’

Bilateral policy matters like financial stability, capital markets issues and anti-money laundering raised at meeting in Beijing.

20 Jan 2024 - 4:30AMvideocam

Vice-Premier He Lifeng and a Chinese delegation of finance officials meets an American contingent at a gathering of the Financial Working Group in Beijing on Friday. Photo: Xinhua

China-Russia relations

China, Russia pave even stronger ‘financial track’ with a new deal, state visits

Russian Prime Minister Mikhail Mishustin is back in China for the second time this year, and the neighbours’ latest trade deal involves greater oversight of capital flows and bonds.

19 Dec 2023 - 4:08PM

Chinese Vice-Premier He Lifeng appears with Russian Deputy Prime Minister Dmitry Chernyshenko in Beijing on Monday. Photo: Xinhua

Huawei

Huawei to start building first European factory in France in 2024

Construction of the factory was delayed by the Covid-19 pandemic, but the site is expected to open in 2025, sources say.

12 Dec 2023 - 11:30AMvideocam

Diplomacy

China and Singapore agree to let each other’s citizens travel visa-free

Beijing hailed the deal as ‘great news’, while the city state said the new 30-day arrangement would come into force early next year.

7 Dec 2023 - 9:20PM

Singapore

Singapore’s Wong and China’s Li agree to boost ‘mutually beneficial cooperation’

The two officials discussed potential areas of cooperation within the digital economy, renewable and clean energy sector, on the second day of Lawrence Wong’s four-day visit to China.

6 Dec 2023 - 9:21PMvideocam

Singapore’s Deputy Prime Minister Lawrence Wong meets Chinese Premier Li Qiang in Beijing on May 16. Photo: Xinhua

China-EU relations

China and EU should push relations to ‘a new level with new prospects’: Wang Yi

In lead-up to China-EU summit on Thursday, China’s foreign minister says if the two sides choose dialogue and cooperation, there will be no bloc confrontation.

5 Dec 2023 - 3:58PMvideocam

China economy

Beware of ‘fake financial innovation’, China’s new overseer warns industry

The Communist Party’s Central Financial Commission says finance must be leashed to the real economy or risk big losses.

2 Dec 2023 - 5:07PMvideocam

Banking & finance

Explainer | The who, what and how of China’s new financial watchdog

The Communist Party’s Central Financial Commission has been convened, with Premier Li Qiang at the helm, to oversee finance more directly and get ahead of potential sources of economic risk.

22 Nov 2023 - 9:00PMvideocam

Premier Li Qiang is taking the helm at the Communist Party’s new body overseeing financial matters. Photo: Shutterstock

US-China relations

Opinion | Why the US and China are making nice – for now

China needs to reassure foreign investors and revive its economy, while a US with its hands full in Ukraine and Gaza needs to establish guardrails with China.

22 Nov 2023 - 5:30AMvideocam

Banking & finance

Chinese premier putting risk prevention first as head of new party finance body

Premier Li Qiang presided over a meeting of the Central Financial Commission as director and laid out the immediate trajectory of the commission’s work.

22 Nov 2023 - 6:26PMvideocam

Banking & finance

Opinion | Hong Kong’s financial summit spells good fortune for the city

The attendance of top bankers reflects the opportunities on the horizon for Hong Kong and the long-term prospects for economic growth on the mainland.

16 Nov 2023 - 4:37PMvideocam

US-China relations

US raised industry oversupply concerns in talks with China, Yellen says

Treasury secretary tells reporters she discussed the issue with Chinese Vice-Premier He Lifeng.

14 Nov 2023 - 3:00PM

US Treasury Secretary Janet Yellen says Apec members discussed the slowing Chinese economy. Photo: Getty Images via AFP

US-China relations

Apec summit: risks of upset to ‘fragile stability’ as Xi, Biden prepare to meet

Both sides face multiple potential flashpoints with uncertainty likely to continue for ‘a very, very long time’, one analyst says

14 Nov 2023 - 2:51AMvideocam

Asia-Pacific Economic Cooperation

Apec’s economic growth to lag behind rest of the world in coming years: report

Stable relationship between the two powers ‘good for everyone’, the 21-member forum hears on day two of California summit.

13 Nov 2023 - 5:51PM

Banking & finance

China’s new financial watchdog gets teeth to take on fintech risks

The National Administration of Financial Regulation will have a department to oversee emerging industries.

12 Nov 2023 - 7:01PM

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