Core Viewpoint - The article discusses the departure of Zhu Haibin, the Chief Economist for China at JPMorgan Chase, who will join the Hong Kong Monetary Authority (HKMA) as Assistant President for Economic Research starting October 1, 2025. This transition highlights significant changes in leadership within financial institutions in Hong Kong and the implications for economic research and policy in the region [1][3]. Group 1: Zhu Haibin's Background and Role - Zhu Haibin has extensive experience in economic research, holding degrees from Peking University, the People's Bank of China, and Duke University. He has worked at the Bank for International Settlements and joined JPMorgan Chase in September 2011 [3]. - At HKMA, Zhu will be responsible for research related to macroeconomics and financial stability, which are critical areas for maintaining Hong Kong's status as an international financial center [3]. Group 2: Recent Changes in Financial Leadership - The article notes a trend of departures among senior executives in foreign financial institutions in China, including the resignation of executives from Daiwa Securities and Standard Chartered Securities [5]. - These changes may indicate a broader shift in the financial landscape in China, potentially affecting the operations and strategies of foreign financial firms in the region [5].

Group 1 - Morgan Stanley's Chief Economist for China, Zhu Haibin, has left the firm to join the Hong Kong Monetary Authority (HKMA) as Assistant President for Economic Research, effective October 1, 2025 [1][3] - Zhu Haibin has extensive experience in economic research, holding degrees from Peking University, the People's Bank of China, and Duke University, and has previously worked at the Bank for International Settlements [3] - The HKMA was established on April 1, 1993, and its main functions include maintaining monetary stability, promoting a stable financial system, and managing the Exchange Fund [3] Group 2 - In May, Zhu Haibin raised China's economic growth forecast following Sino-U.S. trade talks, indicating a significant policy adjustment in China [4] - The departure of Zhu Haibin follows a trend of high-level exits in the securities sector, including the resignation of executives from Daiwa Securities and Standard Chartered Securities in July [5]