PBOC Deputy Governor Chen Yulu to Head Prestigious Nankai University

What’s new: Chen Yulu, a deputy governor of China’s central bank, has been approved by the Central Committee of the Communist Party to head the prestigious Nankai University.

Chen, 55, has become president and deputy party chief of the Tianjin-based university, replacing Cao Xuetao, it announced Friday.

The background: Chen is leaving the central bank and returning to the world of academia, where he spent most of his career before joining the People’s Bank of China (PBOC) as a deputy governor in 2015.