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China Names New Central Bank Party Chief

CHINA PRESS
MNI (Singapore)

China named Pan Gongsheng, deputy governor at the People’s Bank of China, as the central bank’s new Communist Party chief on Saturday. Pan, with over 30 years of banking and regulatory experience, has been the PBOC Deputy Governor since 2012 and has also served as head of the State Administration of Foreign Exchange since 2016. Pan was one of the main officials in charge of shareholding reform and listing of two major state-owned banks, and helped push forward reform of the yuan exchange rate formation mechanism and the inclusion of CNY in the SDR currency basket. (Source: The Beijing News)

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