The State Council has named members of the People's Bank of China's (PBOC) newly-established Monetary Policy Committee.
PBOC governor Dai Xianglong will be chairman, and vice-governor Chen Yuan will be vice-chairman.
Other members include PBOC vice-governor Shang Fulin, State Planning Commission vice-director Wang Cunzheng, State Economic and Trade Commission vice-director Chen Qingtai, vice-minister of finance Xie Xuren, and State Administration of Foreign Exchange director Zhou Xiaochuan.
Others are China Securities Regulatory Commission vice-chairman Chen Yaoxian, Industrial and Commercial Bank of China governor Liu Tinghuan, Agricultural Bank of China governor Shi Jiliang and China Remin University principal Huang Da. The committee held its first meeting yesterday. It will meet in the first month of every quarter.