China appoints Xi to head national security commission

China appoints Xi to head national security commission

Friday, January 24, 2014 – 19:00


BEIJING – Chinese President Xi Jinping has been appointed head of the new national security commission by the ruling Communist Party’s decision-making Politburo, the latest sign of his rapid consolidation of power.

The move puts Xi in charge of a commission that deals with crises at home and abroad and comes nearly a month after the government said that Xi would head a leading group to steer the country’s overall reforms.

Premier Li Keqiang and Zhang Dejiang, number three in the party’s hierarchy and head of China’s largely rubber-stamp parliament, will be vice-chairmen of the commission, state news agency Xinhua said on its microblog.

It will also include several other members of the Standing Committee, the apex of power in China. Xinhua gave no further details.

Details of how the commission would operate were left unclear when it was announced in a government communique in November, but China had hinted it would have a domestic focus.

Experts say it is based on the National Security Council in the United States and would increase coordination among the various wings of China’s security bureaucracy, split now among the police, military, intelligence and diplomatic services.

Possible international flashpoints for China include Japan, North Korea and the South China Sea.

China says it also faces considerable threats at home, pointing to continued unrest in two regions heavily populated by ethnic minorities which chafe at Chinese rule – Tibet and Xinjiang.

At a key party plenum meeting in November, China unwrapped its boldest reforms since Deng Xiaoping set the country on a course of opening up to the world in the 1970s and 1980s.

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (, the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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