CAUTIOUS REFORMER WITH HER HAND ON FOREX TILLER

Hu Xiaolian has been the director and Communist party secretary of China's State Administration of Foreign Exchange since March 2005 and a deputy governor of the People's Bank of China, the central bank, since August 2005.

Ms Hu was born in 1958 and joined Safe in 1984 after obtaining an MA from the graduate school of the Institute of Finance Research under the central bank. She was among the first batch of graduates.

A scholarly and mild-mannered bureaucrat, Ms Hu is regarded as a reformer, although she keeps a low profile and is seen as extremely cautious when it comes to expressing her own policy views.

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