Previously served as the Secretary of the Party Committee of the Central Bank, with Pan Gongsheng serving as the Secretary of the Party Committee of the Governor of the Central Bank

Release time:Apr 14, 2024 10:09 AM

According to Xinhua News Agency on July 25th, the fourth meeting of the Standing Committee of the 14th National People's Congress was held at the Great Hall of the People in Beijing on the 25th. After a vote, the meeting decided to dismiss Qin Gang from his position as Minister of Foreign Affairs, appoint Wang Yi as Minister of Foreign Affairs, remove Yi Gang from his position as Governor of the People's Bank of China, and appoint Pan Gongsheng as Governor of the People's Bank of China.Chairman Zhao Leji presided over the meeting.

It is worth mentioning that Pan Gongsheng's new appointment also marks the end of the brief history since March 2018 when the Party Secretary and Governor of the Central Bank were appointed separately. Previously, Pan Gongsheng was appointed as the Party Secretary of the Central Bank in July this year.

According to public information, Pan Gongsheng, male, born in 1963, holds a Ph.D. in Economics and is a researcher.

He has worked at Industrial and Commercial Bank of China and Agricultural Bank of China for many years. In June 2012, he was appointed as a member of the Party Committee and Vice President of the Central Bank of China. In December 2015, he was appointed as the Secretary of the Party Group of the State Administration of Foreign Exchange, and in January 2016, he became the Director of the State Administration of Foreign Exchange.

According to the official website of the People's Bank of China, on the afternoon of July 1, 2023, the People's Bank of China held a leadership meeting. The relevant officials of the Central Organization Department announced the central decision: Comrade Pan Gongsheng will be appointed as the Secretary of the Party Committee of the People's Bank of China, and Comrade Guo Shuqing will be relieved of his position as Secretary of the Party Committee of the People's Bank of China and Comrade Yi Gang will be removed from his position as Deputy Secretary of the Party Committee of the People's Bank of China.

The position of Governor of the Central Bank was previously held by Yi Gang.

Yi Gang was born in 1958 and has served as a member of the Party Committee and Vice President of the Central Bank, as well as Deputy Secretary and Vice President of the Party Committee. He has been serving as the Governor and Deputy Secretary of the Party Committee of the Central Bank since March 2018. In March 2023, Yi Gang was appointed as a member of the Standing Committee of the 14th National Committee of the Chinese People's Political Consultative Conference and Deputy Director of the Economic Committee, and continued to serve as the Governor of the Central Bank and Deputy Secretary of the Party Committee until this adjustment.

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