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SOCIETY & CULTURE

China Central Bank Gets First New Governor in 15 Years

Yi Gang at a press conference on the sidelines of the National People's Congress on March 9. Photo: VCG
Yi Gang at a press conference on the sidelines of the National People's Congress on March 9. Photo: VCG

Yi Gang, deputy governor of the People’s Bank of China (PBOC), has been named the new head of the central bank, succeeding Zhou Xiaochuan, who has retired after more than 15 years in the post — the longest in the PBOC’s history.

“I feel peaceful and solemn as my mission is sacred and honorable,” Yi told reporters at the sideline of the ongoing session of China’s legislature. “I will certainly fulfill my duty in according with the oath I’m going to make.”

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