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. 

Re­lated sto­ries

Chi­na’s Provinces Ap­point Bank­ing Ex­ecs as Vice-gov­er­nors in Bid for Fi­nan­cial Pre-em­i­nence

Jilin Province Appoints Agricultural Bank of China Exec as Governor