Governor of the People's Bank of China

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Governor of
the People's Bank of China
中国人民银行行长
National Emblem of the People's Republic of China (2).svg
Flag of the People's Republic of China.svg
Pan Gongsheng.jpg
Incumbent
Pan Gongsheng
since 25 July 2023
People's Bank of China
Status Provincial and ministerial-level official
Member of Plenary Meeting of the State Council
Seat Beijing
Nominator Premier
(chosen within the Chinese Communist Party)
Appointer President
with the confirmation of the National People's Congress or its Standing Committee
Inaugural holder Nan Hanchen
Formation1 October 1949;75 years ago (1949-10-01)
DeputyDeputy Governor of the People's Bank of China
Governor of the People's Bank of China
Simplified Chinese 中国人民银行行长
Transcriptions
Standard Mandarin
Hanyu Pinyin Zhōngguó Rénmíng Yínháng Xíngzhǎng

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. 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]

The governor post is not necessarily held concurrently with the Chinese Communist Party (CCP) secretary of the PBC. The CCP committee 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]

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

List of officeholders

No.NameTook officeLeft officePremierParty SecretaryRef.
1 Nan Hanchen October 1949October 1954 Zhou Enlai Nan Hanchen[ citation needed ]
2 Cao Juru October 1954October 1964Cao Juru[ citation needed ]
3 Hu Lijiao October 19641966Hu Lijiao[ citation needed ]
Position abolished during Cultural Revolution
4 Chen Xiyu 13 May 1973March 1978 Zhou Enlai [ citation needed ]
Hua Guofeng
5 Li Baohua 5 March 19784 May 1982Li Baohua[ citation needed ]
Zhao Ziyang
6 Lü Peijian 4 May 198221 March 1985Lü Peijian[ citation needed ]
7 Chen Muhua 21 March 198512 April 1988Chen Muhua[ citation needed ]
8 Li Guixian 12 April 19882 July 1993 Li Peng
Li Guixian[ citation needed ]
9 Zhu Rongji 2 July 199330 June 1995Zhou Zhengqing[ citation needed ]
10 Dai Xianglong 30 June 199528 December 2002Dai Xianglong[ citation needed ]
Zhu Rongji
11 Zhou Xiaochuan 28 December 200219 March 2018Zhou Xiaochuan
Wen Jiabao [5]
Li Keqiang
12 Yi Gang 19 March 201825 July 2023 Guo Shuqing [ citation needed ]
Li Qiang
13 Pan Gongsheng 25 July 2023IncumbentPan Gongsheng [6]

References

  1. "Constitution of the People's Republic of China". National People's Congress . Retrieved 2022-08-08.
  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. "Yellen's China Trip Leaves No Doubt Pan's in Charge of PBOC". Bloomberg News . 9 July 2023. Retrieved 28 August 2023.
  4. "Decoding Chinese Politics". Asia Society . Retrieved 2 October 2023.
  5. Chen, Muyang (2024). The Latecomer's Rise: Policy Banks and the Globalization of China's Development Finance. Ithaca and London: Cornell University Press. p. 148. ISBN   9781501775857. JSTOR   10.7591/jj.6230186.
  6. "中华人民共和国主席令(第八号)--新闻报道-中国共产党新闻网". cpc.people.com.cn. Retrieved 2023-07-25.