CHINA-ECONOMY: CHINA'S STATE COUNCIL APPOINTS LIU GUIPING AS NEW VICE GOVERNOR OF PEOPLE'S BANK OF CHINA

China's State Council announced (December 7) that Liu Guiping had been appointed Vice Governor of the People’s Bank of China (PBoC) replacing Zhu Hexin, who left the PBoC to become Party secretary of CITIC Group back in March.

(Comment: Liu Guiping is a native of Hunan province. He spent the first 25 years of his career at the Agricultural Bank of China, serving variously as president of the bank’s Fujian branch and head of its Shanghai municipal branch. From 2014-2016, he was the Executive Vice President of China Investment Corp., China’s sovereign wealth fund. Liu Guiping served as Deputy Mayor of Chongqing from 2016 to 2019 where his portfolio included financial supervision. Most recently, Liu Guiping served as President of the China Construction Bank. He is a finance industry veteran. His experience in Chongqing means he has on the ground experience with financial oversight.







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