PBoC’s Yi dropped from committee

Political observers believe the governor of the People’s Bank of China, Yi Gang, may step down soon after he was left off the Chinese Communist Party’s Central Committee at the 2022 party congress. Yi had previously been an alternate member of the committee. PBoC party chief and chairman of the China Banking and Insurance Regulatory Commission, Guo Shuqing, was also left off the list. Commentators believe Yi, who became governor in 2018, and Guo will likely