Vice-governor of Guangdong Province Appointed Head of China Development Bank
The vice-governor of Guangdong province has been appointed president of one of China’s three key policy banks.
On 24 October China Development Bank announced that it had approved the appointment of Ouyang Weimin (欧阳卫民), vice-governor of Guangdong province, as its new president.
56 year-old Ouyang previously worked for many years with the Chinese central bank, before being appointed vice mayor of Guangzhou municipality in 2011.
In 2016 Ouyang was appointed vice-party secretary of Guangzhou municipality, and on 31 January 2018 became vice-governor of Guangdong province.
The personnel shift arrives amidst the appointment of a large number of senior banking and finance executives in China to vice-gubernatorial positions in province-level administrative entities.
A total of 16 province-level administrative entities in China have appointed vice-governors from financial backgrounds, including Tianjin, Jilin, Shandong, Jiangsu, Sichuan, Fujian, Liaoning, Shanxi, Guizhou and Hebei .
Most recently on 17 October the government of Jilin province in north-eastern China approved the appointment of Cai Dong (蔡东), vice-president and executive director of Agricultural Bank of China (ABC), to the position of provincial vice-governor.