Following his appointment as the new leader of the People’s Bank of China PBOC at the start of the month, Pan Gongsheng will likely accelerate the internationalisation of the renminbi RMB and continue to liberalise China’s capital markets, experts suggest.
On July 01, Pan succeeded Guo Shuqing as head of the central bank, through his appointment as the PBOC’s party secretary. On the same day, the bank announced the resignation of current deputy party secretary, Yi Gang.
“Pan Gongsheng is likely to become PBOC governor as well as party secretary, unifying the two roles held separately by Yi and Guo since 2018,” Neil Thomas, a...
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