Mystery Surrounds PBOC Governor

Zhou Xiaochuan, governor of the People’s Bank of China, was very visible at the International Monetary Fund meetings in Washington, D.C. over the weekend, but did not address publicly—nor it appears privately—speculation about his future and possible departure.

Recent reports in the Wall Street Journal and elsewhere have suggested Zhou might be leaving his post or even pushed out—which has in turn led to questions about the future of reforms in China if he leaves. He has long been a promoter of key reforms, such as allowing interest rates to float.

There was a ripple of excitement when Zhou arrived at a JPMorgan cocktail reception where CNBC was present on Saturday night. There also was anticipation he might say something about the status of his tenure at a low-key meeting held on Sunday morning with the world’s top central bankers, as well as at a Sunday afternoon meeting of the Institute of International Finance. But people in attendance at those events told CNBC that he did not address his future—nor was he asked about it.


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