China reorganizes Monetary Policy Committee

Cause is the retirement and reshuffling of committee members.

The 15-member Monetary Policy Committee of the People’s Bank of China, the central bank, will need to appoint new members since two of its members have been reassigned while one member is to retire. The committee is the top advisory body about China’s macroeconomic and monetary policy.

You Quan, former deputy secretary general of the State Council and a member of the Monetary Policy Committee and Guo Shuqing, former head of China Securities Regulatory Commission, are expected to leave the committee. Li Yong, the deputy finance minister, is expected to retire this year. Any personnel changes to the committee must be approved by the State Council, China’s cabinet.

The Monetary Policy Committee usually has 15 members, including officials from the PBOC, the CSRC, China Banking Regulatory Commission, China Insurance Regulatory Commission, Ministry of Finance, National Development and Reform Commission and the National Statistics Bureau. Three members come from academic circles.

Also Read

Why do CFOs struggle with sustainability reporting requirements?

Citi names Tokiya Kishie as head of markets for Japan

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit