Governor of the People's Bank of China
| Governor of the People's Bank of China | |
|---|---|
| 中国人民银行行长 | |
| 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 |
| Formation | 1 October 1949 |
| Deputy | Deputy 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 | ||||||
| |||||||
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State representative
Executive organ Military organ
Supervisory organ |
 China portal |
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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.
The current governor is Pan Gongsheng, who concurrently serves as the Chinese Communist Party (CCP) secretary of the PBC.
Process of appointment[edit]
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[edit]
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[edit]
| No. | Name | Took office | Left office | Premier | Party Secretary | Ref. |
|---|---|---|---|---|---|---|
| 1 | Nan Hanchen | October 1949 | October 1954 | Zhou Enlai | Nan Hanchen | |
| 2 | Cao Juru | October 1954 | October 1964 | Cao Juru | ||
| 3 | Hu Lijiao | October 1964 | 1966 | Hu Lijiao | ||
| Position abolished during Cultural Revolution | ||||||
| 4 | Chen Xiyu | 13 May 1973 | March 1978 | Zhou Enlai | ||
| Hua Guofeng | ||||||
| 5 | Li Baohua | 5 March 1978 | 4 May 1982 | Li Baohua | ||
| Zhao Ziyang | ||||||
| 6 | Lü Peijian | 4 May 1982 | 21 March 1985 | Lü Peijian | ||
| 7 | Chen Muhua | 21 March 1985 | 12 April 1988 | Chen Muhua | ||
| 8 | Li Guixian | 12 April 1988 | 2 July 1993 | Li Peng | ||
| Li Guixian | ||||||
| 9 | Zhu Rongji | 2 July 1993 | 30 June 1995 | Zhou Zhengqing | ||
| 10 | Dai Xianglong | 30 June 1995 | 28 December 2002 | Dai Xianglong | ||
| Zhu Rongji | ||||||
| 11 | Zhou Xiaochuan | 28 December 2002 | 19 March 2018 | Zhou Xiaochuan | ||
| Wen Jiabao | [5] | |||||
| Li Keqiang | ||||||
| 12 | Yi Gang | 19 March 2018 | 25 July 2023 | Guo Shuqing | ||
| Li Qiang | ||||||
| 13 | Pan Gongsheng | 25 July 2023 | Incumbent | Pan Gongsheng | ||
References[edit]
- ^ "Constitution of the People's Republic of China". National People's Congress. Retrieved 2022-08-08.
- ^ White, Edward; Leng, Cheng (2023-07-01). "Western-trained banker in line to lead China's central bank". Financial Times. Retrieved 2023-07-01.
- ^ "Yellen's China Trip Leaves No Doubt Pan's in Charge of PBOC". Bloomberg News. 9 July 2023. Retrieved 28 August 2023.
- ^ "Decoding Chinese Politics". Asia Society. Retrieved 2 October 2023.
- ^ 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.