Chinese President Xi Jinping's "new era" looks anything but fresh. All six comrades he chose to help run China are in their 60s, likely to retire at the end of this five-year term. By pointedly not naming any potential heirs, Xi telegraphed that he may remain the helmsman for quite some time.
But the sexagenarian foremost on investors' minds these days should be Zhou Xiaochuan, a lame duck as governor of the People's Bank of China. Beijing's most forceful economic reformer turns 70 in January, and it will be the end of an era that spanned three presidencies.