Governor_of_the_People's_Bank_of_China

Governor of the People's Bank of China

Governor of the People's Bank of China

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The governor of the People's Bank of China is the head of the People's Bank of China and one of the country's key economic decisionmakers.

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The current governor is Pan Gongsheng, who concurrently serves as the Chinese Communist Party (CCP) secretary of the PBC.

Process of appointment

Officially, the governor is nominated by the premier of the State Council, who is then approved by the National People's Congress or its Standing Committee and appointed by the president.[1]

Role

The governor post is not necessarily held concurrently with the Chinese Communist Party (CCP) secretary of the PBC. The CCP secretary is the most powerful position in the bank and can hold more sway than the governor.[2] The current PBC governor Pan Gongsheng holds both posts.[3] The governor also chairs the PBC Monetary Policy Committee, an advisory body that typically includes the directors and deputy directors of other financial agencies, as well as a few influential academic economists.[4]

List of officeholders

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References

  1. [1]
    "Constitution of the People's Republic of China". National People's Congress. Retrieved 2022-08-08.
  2. [2]
    White, Edward; Leng, Cheng (2023-07-01). "Western-trained banker in line to lead China's central bank". Financial Times. Retrieved 2023-07-01.
  3. [3]
    "Yellen's China Trip Leaves No Doubt Pan's in Charge of PBOC". Bloomberg News. 9 July 2023. Retrieved 28 August 2023.
  4. [4]
    "Decoding Chinese Politics". Asia Society. Retrieved 2 October 2023.
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