Agricultural Bank of China Chief Tipped to Become Central Bank Deputy Governor

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The head of one of China’s big six state-owned lenders is tipped to become the new deputy-governor of the People’s Bank of China (PBOC), being the Chinese central bank.

Sources said to domestic media that 57-year old Zhang Qingsong (张青松), the president of the Agricultural Bank of China (PBOC), is expected to become PBOC deputy-governor, and receive a simultaneous appointment to the State Administration of Foreign Exchange (SAFE).

Zhang is native of Henan province and holds a PhD in economics from Peking University. He is a veteran of China’s big state-owned banks, having held positions at the Bank of China (BOC) for 28 years after first joining the lender in 1990.

In November 2016 Zhang was appointed vice-president of BOC, and in September 2018 was appointed president of the Export-Import Bank of China. In November 2019 he became deputy-party secretary and president of ABC.

PBOC’s current leadership team consists of governor Yi Gang (易纲), as well as five deputy-governors including Guo Shuqing (郭树清) (also PBOC party secretary), Chen Yulu (陈雨露), Pan Gongsheng (潘功胜), Fan Yifei (范一飞) and Liu Guoqiang (刘国强)