China appoints PBoC deputy governor

The Chinese government has appointed Lu Lei as a deputy governor of the central bank, in its second such appointment within a short time.  

It also announced a further series of new appointments to senior positions at financial regulators. The personnel changes come as policy-makers attempt to deal with a property sector downturn and deflationary pressures. 

Lu, 53, replaces Liu Guoqiang, as a People’s Bank of China deputy governor, according to a government statement released on December 26. Liu

by :

Source link

Capital Media

Read Previous

565-million-years-old, some of the oldest UK fossils are eerily similar to famous Australian ones

Read Next

Germany’s economy must be fixed – here are three top priorities