What a Possible Leadership Shake-Up at PBOC May Mean for Policy

From bnnbloomberg.ca

The People’s Bank of China may have two new officials leading the central bank following a reshuffle of government positions next month. Governor Yi Gang is widely expected to step down, potentially paving the way for veteran banker Zhu Hexin to take his place, according to a person familiar with the matter. The man likely to be China’s new vice premier in charge of economic policy, He Lifeng, is also being considered for the role of party secretary at the People’s Bank of China, the Wall Street Journal reported. Read More: China Set to Overhaul Financial System Giving Xi More Control The reported changes may ... (full story)