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China appoints banking regulator head to c.bank monetary policy committee

Reuters  |  BEIJING 

(Reuters) - China's cabinet said on Tuesday it had appointed Guo Shuqing, the head of the country's regulator, to the central bank's monetary committee, in a routine reshuffle.

Guo, who was named as chairman of the Regulatory Commission (CBRC) this month, will replace his predecessor Shang Fulin as a member of the monetary committee.

The State Council also appointed Ding Xuedong, deputy secretary-general of the cabinet, to the committee, replacing his predecessor Xiao Jie, who is now finance minister.

The 15-member panel, chaired by central governor Zhou Xiaochuan, includes Lian Weiliang, a vice head of the National Development and Reform Commission, Shi Yaobin, a vice finance minister, and heads of banking, securities and insurance regulators.

Influential Chinese economists Fan Gang, Huang Yiping and Bai Chongen also sit on the panel.

The committee meets once every quarter to discuss economic and issues and would recommend any changes or action when necessary, but its influence is limited given that key currency and interest rate decisions must be signed off by senior cabinet and party leaders.

(Reporting by Monitoring Desk and Kevin Yao; Editing by Jacqueline Wong)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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China appoints banking regulator head to c.bank monetary policy committee

BEIJING (Reuters) - China's cabinet said on Tuesday it had appointed Guo Shuqing, the head of the country's banking regulator, to the central bank's monetary policy committee, in a routine reshuffle.

(Reuters) - China's cabinet said on Tuesday it had appointed Guo Shuqing, the head of the country's regulator, to the central bank's monetary committee, in a routine reshuffle.

Guo, who was named as chairman of the Regulatory Commission (CBRC) this month, will replace his predecessor Shang Fulin as a member of the monetary committee.

The State Council also appointed Ding Xuedong, deputy secretary-general of the cabinet, to the committee, replacing his predecessor Xiao Jie, who is now finance minister.

The 15-member panel, chaired by central governor Zhou Xiaochuan, includes Lian Weiliang, a vice head of the National Development and Reform Commission, Shi Yaobin, a vice finance minister, and heads of banking, securities and insurance regulators.

Influential Chinese economists Fan Gang, Huang Yiping and Bai Chongen also sit on the panel.

The committee meets once every quarter to discuss economic and issues and would recommend any changes or action when necessary, but its influence is limited given that key currency and interest rate decisions must be signed off by senior cabinet and party leaders.

(Reporting by Monitoring Desk and Kevin Yao; Editing by Jacqueline Wong)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
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China appoints banking regulator head to c.bank monetary policy committee

(Reuters) - China's cabinet said on Tuesday it had appointed Guo Shuqing, the head of the country's regulator, to the central bank's monetary committee, in a routine reshuffle.

Guo, who was named as chairman of the Regulatory Commission (CBRC) this month, will replace his predecessor Shang Fulin as a member of the monetary committee.

The State Council also appointed Ding Xuedong, deputy secretary-general of the cabinet, to the committee, replacing his predecessor Xiao Jie, who is now finance minister.

The 15-member panel, chaired by central governor Zhou Xiaochuan, includes Lian Weiliang, a vice head of the National Development and Reform Commission, Shi Yaobin, a vice finance minister, and heads of banking, securities and insurance regulators.

Influential Chinese economists Fan Gang, Huang Yiping and Bai Chongen also sit on the panel.

The committee meets once every quarter to discuss economic and issues and would recommend any changes or action when necessary, but its influence is limited given that key currency and interest rate decisions must be signed off by senior cabinet and party leaders.

(Reporting by Monitoring Desk and Kevin Yao; Editing by Jacqueline Wong)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22