China Appoints 7 New Central Bank Advisors

China’s State Council on Monday announced the appointment of seven new members of the central bank monetary policy committee.

Deputy head of the National Development and Reform Commission (NDRC) Lian Weiliang; Vice Finance Minister Shi Yaobin; the People’s Bank of China (PBOC) assistant governor Zhang Xiaohui; and head of China Banking Association Tian Guoli will sit on the PBOC monetary policy committee, which is chaired by PBOC Governor Zhou Xiaochuan, according to a notice on the government website.

They will replace former deputy head of the NDRC Zhu Zhixin; former PBOC vice governor Hu Xiaolian; former head of the National Bureau of Statistics Ma Jiantang; and chairman of China Development Bank Hu Huaibang.

Meanwhile, economists Fan Gang, Huang Yiping and Bai Chongen will replace Qian Yingyi, Chen Yulu and Song Guoqing as expert advisors to the committee.

The central bank monetary policy committee, established in 1997, is responsible for advising on the country’s monetary policies. There are currently 15 committee members, including central bank officials, ministers from other government departments and economists.

via China Daily

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza