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China has named Guo Shuqing, current....>

CHINA PRESS
CHINA PRESS: China has named Guo Shuqing, current Chairman of China Banking and
Insurance Regulatory Commission, Communist Party Secretary of the People's Bank
of China, according to the New York Times on Sunday. 
***Comments: Guo will be the supervisor of Yi Gang, the new PBOC governor, as
PBOC is still dependent on the Communist Party. The new regulatory design means
Guo will have a large say in monetary policy and in China's economy, as he also
serves as top regulator of the banking and insurance sectors. Former PBOC head
Zhou Xiaochuan was both governor and party secretary of the central bank.

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