Governor of the People's Bank of China

Last updated
Governor of
the People's Bank of China
中国人民银行行长
Pan Gongsheng.png
Incumbent
Pan Gongsheng
since 25 July 2023
People's Bank of China
Status Provincial-Ministerial level official
Member of 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;74 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

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.

Contents

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

No.NameTook officeLeft officePremierNotes
1 Nan Hanchen October 1949October 1954 Zhou Enlai
2 Cao Juru October 1954October 1964 Zhou Enlai
3 Hu Lijiao October 19641966 Zhou Enlai
Position abolished during Cultural Revolution
4 Chen Xiyu May 1973January 1978 Zhou Enlai
Hua Guofeng
5 Li Baohua January 1978April 1982 Hua Guofeng
Zhao Ziyang
6 Lü Peijian April 1982March 1985 Zhao Ziyang
7 Chen Muhua March 1985April 1988 Zhao Ziyang Served concurrently as State Councilor (1982–1988)
8 Li Guixian April 1988July 1993 Li Peng Served concurrently as State Councilor (1988–1998)
9 Zhu Rongji July 1993June 1995 Li Peng Served concurrently as the first-ranked Vice Premier (1993–1998)
10 Dai Xianglong June 1995December 2002 Li Peng
Zhu Rongji
11 Zhou Xiaochuan December 2002March 2018 Zhu Rongji
Wen Jiabao
Li Keqiang
Served concurrently as Vice Chairman of the CPPCC National Committee (2013–2018)
12 Yi Gang March 2018July 2023 Li Keqiang
Li Qiang
Served under party branch secretary Guo Shuqing (until 2023) and Pan Gongsheng (2023)
13 Pan Gongsheng July 2023Incumbent Li Qiang

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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.