PBOC’s Monetary Policy Chief Named Deputy Governor
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Zou Lan has been named a deputy governor of the People’s Bank of China (PBOC), according to a government announcement Monday, confirming speculation that he would take the role following his recent appointment to the central bank’s Communist Party committee.
The 51-year-old filled the deputy governor position vacated by Zhang Qingsong, who became chairman of sovereign wealth fund China Investment Corp. late last year.
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- Zou Lan has been appointed deputy governor of the People’s Bank of China, succeeding Zhang Qingsong.
- He has previously served in key roles within the bank, including director of the financial market department and head of the monetary policy department.
- The PBOC leadership team is headed by Governor Pan Gongsheng and includes inspectors from the Central Commission for Discipline Inspection.
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Who’s Who
- China Investment Corporation
- China Investment Corporation is a sovereign wealth fund of China. It is led by Zhang Qingsong, who was previously the deputy governor of the People's Bank of China. Zhang took on the role as chairman of China Investment Corporation late last year after vacating his position at the central bank.
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What Happened When
- 2022：
- Zou Lan became head of PBOC's monetary policy department, succeeding Sun Guofeng.
- 2023：
- Sun Guofeng was sentenced to 16 years and six months in prison for taking bribes, leaking state secrets, and engaging in insider trading.
- Late 2024：
- Zhang Qingsong became chairman of sovereign wealth fund China Investment Corp.
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