CHINA-LEADERSHIP: NEW VICE GOVERNOR FOR GUANGDONG PROVINCE
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Rising financial star Zhang Xin has been appointed a new vice governor of Guangdong province. Zhang Xin has a PhD in Economics from Colombia Business School; in 1997-2001, Zhang Xin worked as a senior economist at the World Bank; in 2001, he returned to China to work at the China Securities Regulatory Commission; in 2004, he was promoted to People’s Bank of China (PBoC) where he worked until 2017; for the past three years, he was Vice Director of the State Administration of Foreign Exchange (SAFE). Zhang Xin has a reputation as a financial reformer, which is due to a penchant for deregulation, as well as the company he keeps. He is a known associate of former PBoC Governor Zhou Xiaochun – a key voice for reform within China’s financial system.
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