China Sticks With Its Central Bank Governor and Finance Minister

Yi Gang and Liu Kun will remain China’s central bank governor and finance minister, respectively, according to a meeting of the country’s top legislature on Sunday.

China’s decision to avoid a sweeping leadership reshuffle at the People’s Bank of China (PBOC) and the Ministry of Finance comes as the central government transitions to a new administration under Li Qiang, the former Communist Party chief of Shanghai who was elected premier on Saturday, succeeding Li Keqiang.