Pan Gongsheng: From Currency Reserves to the Helm of China’s Central Bank
Pan Gongsheng, a prominent economist, is set to take on a new and even more powerful role in the Chinese economy as the governor of the People's Bank of China (PBOC), the country's central bank. The news was made official by China’s top legislature on 25th July 2023 to appoint the deputy governor as the new governor of PBOC. Having overseen China's massive $3 trillion foreign currency reserves, he is now positioned to exert outsize policy influence over the financial system of the world's second-largest economy.