State Council Names New Central Bank Vice Governor

(Beijing) — The State Council has promoted People’s Bank of China Assistant Governor Yin Yong, a former longtime foreign-exchange head, to one of the five vice governorships of the central bank.

Yin, 46, will replace 60-year-old Guo Qingping, according to a statement released Tuesday on the website of the Ministry of Human Resources and Social Security.

Yin, who holds a master’s degree in public administration from Harvard University, started work at the Investment Center of the State Administration of Foreign Exchange (SAFE) in 1996.