Chinese media reports on February 10, 2015, said that changes are imminent at the People’s Bank of China. Two of its four Deputy Governors namely Hu Xiaolian and Li Dongrong will leave their posts. The financial magazine Caixin, reported that 56-year old Ms Hu Xiaolian, 56, who heads PBoC’s Shanghai branch as well as two divisions responsible for monetary policy, will become chairman of the China Export-Import Bank, replacing Li Ruogu, who was also formerly a PBoC deputy governor. Li Dongrong, who is 60 years old, will retire.
Pan Gongsheng and Yi Gang will continue as Deputy Governors to PBoC Governor Zhou Xiaochuan, who is expected to step down in the next few years after holding the post since 2003.
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