China’s Central Bank Adds New Monetary Policy Advisers

What’s new: The People’s Bank of China (PBOC) has added four new faces to its monetary policy advisory body, including the new chief of the country’s top securities regulator and a deputy governor of the central bank, according to an updated list of members published Tuesday.

Wu Qing, who succeeded Yi Huiman as China Securities Regulatory Commission (CSRC) chairman in February, took Yi’s spot on the PBOC’s Monetary Policy Committee. Meanwhile, PBOC Deputy Governor Xuan Changneng replaced Liu Guoqiang, who stepped down from his deputy governor role in December.