Zhu Hexin, one of China’s most senior commercial bankers, is among the frontrunners to take over as the governor of the country’s central bank as Beijing prepares to overhaul the leadership of its most important financial regulatory institutions next month.
If his nomination is confirmed, Zhu, the chair of state-owned conglomerate Citic Group, would succeed Yi Gang as governor of the People’s Bank of China, two people familiar with the nomination said.
The appointment of the new central bank leadership is expected to be reviewed at the annual meeting of China’s rubber-stamp parliament, the National People’s Congress, in early March.
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