China’s Party Congress reshuffle under way with central bank deputy Chen Yulu appointed Nankai University president
- People’s Bank of China (PBOC) deputy governor Chen Yulu has been appointed as the president of Nankai University
- Agricultural Bank of China president Zhang Qingsong is reported to be in line to be promoted to deputy PBOC governor ahead of the 20th Party Congress later this year
A deputy governor from China’s central bank has been appointed as the president of Nankai University, a sign that more economic and financial personnel adjustments could be made around the 20th Party Congress later this year.
Chen Yulu, 56, arrived at the Tianjin-based university on Thursday afternoon, with the official announcement following on Friday morning, according to a source familiar with the matter. He has replaced Cao Xuetao.
His name has also already appeared on the university’s website. The People’s Bank of China (PBOC) have yet to respond to faxed request for comment.
Chen, who holds a doctoral degree in economics, spent more than two decades at the Beijing-based Renmin University, where he was named president in 2011.
He joined the PBOC as a deputy governor in 2015 and is the top assistant to its governor, Yi Gang. He remained officially listed as a deputy governor as of Friday afternoon, according to the PBOC website.
Pan Gongsheng, who oversees the State Administration of Foreign Exchange, Fan Yifei, Guo Shuqing and Liu Guoqiang are the central bank’s other deputy governors. Guo is the party chief of the PBOC and also the chairman of the China Banking and Insurance Regulatory Commission.