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 | |
|---|---|
Hanyu Pinyin | Zhōngguó Rénmíng Yínháng Xíngzhǎng |
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|---|
State representative
Executive organ
Military organ
Supervisory organ
Judicial organs
|
 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
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. | Name | Took office | Left office | Premier | Notes |
|---|---|---|---|---|---|
| 1 | Nan Hanchen | October 1949 | October 1954 | Zhou Enlai | |
| 2 | Cao Juru | October 1954 | October 1964 | Zhou Enlai | |
| 3 | Hu Lijiao | October 1964 | 1966 | Zhou Enlai | |
| Position abolished during Cultural Revolution | |||||
| 4 | Chen Xiyu | May 1973 | January 1978 | Zhou Enlai Hua Guofeng |
|
| 5 | Li Baohua | January 1978 | April 1982 | Hua Guofeng Zhao Ziyang |
|
| 6 | Lü Peijian | April 1982 | March 1985 | Zhao Ziyang | |
| 7 | Chen Muhua | March 1985 | April 1988 | Zhao Ziyang | Served concurrently as State Councilor (1982–1988)
|
| 8 | Li Guixian | April 1988 | July 1993 | Li Peng | Served concurrently as State Councilor (1988–1998)
|
| 9 | Zhu Rongji | July 1993 | June 1995 | Li Peng | Served concurrently as the first-ranked Vice Premier (1993–1998) |
| 10 | Dai Xianglong | June 1995 | December 2002 | Li Peng Zhu Rongji |
|
| 11 | Zhou Xiaochuan | December 2002 | March 2018 | Zhu Rongji Wen Jiabao Li Keqiang |
Served concurrently as Vice Chairman of the CPPCC National Committee (2013–2018) |
| 12 | Yi Gang | March 2018 | July 2023 | Li Keqiang Li Qiang |
Served under party branch secretary Guo Shuqing (until 2023) and Pan Gongsheng (2023)
|
| 13 | Pan Gongsheng | July 2023 | Incumbent | Li Qiang | |
References
- ^ "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.