Chinese President Xi Jinping may replace People’s Bank of China (PBOC) Governor Zhou Xiaochuan as part of a wider personnel reshuffling following internal battles about overhauling the economy, according to The Wall Street Journal.
The top contender to replace the central bank governor is Guo Shuqing, a former banker and securities regulator who is currently governor of the eastern Shandong province, the paper said citing officials with knowledge of the plan. However, no final decision has been made, it said.
In a statement to The Wall Street Journal, Zhou, who has led the PBOC since 2002, said that he would not be stepping down soon.
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