Governor of the People's Bank of China

The governor of the People's Bank of China is the head of the People's Bank of China and one of the country's key economic decisionmakers.

Governor of the People's Bank of China
中国人民银行行长
Incumbent Pan Gongsheng since 25 July 2023
People's Bank of China
Status	Provincial-Ministerial level official
Member of	State Council
Seat	Beijing
Nominator	Premier (chosen within the Chinese Communist Party)
Appointer	President with the confirmation of the National People's Congress or its Standing Committee
Inaugural holder	Nan Hanchen
Formation	1 October 1949; 75 years ago (1949-10-01)
Deputy	Deputy Governor of the People's Bank of China

Governor of the People's Bank of China
Simplified Chinese	中国人民银行行长
Transcriptions Standard Mandarin Hanyu Pinyin Zhōngguó Rénmíng Yínháng Xíngzhǎng

The current governor is Pan Gongsheng, who concurrently serves as the Chinese Communist Party (CCP) secretary of the PBC.

Process of appointment

Officially, the governor is nominated by the premier of the State Council, who is then approved by the National People's Congress or its Standing Committee and appointed by the president.^[1]

Role

The governor post is not necessarily held concurrently with the Chinese Communist Party (CCP) secretary of the PBC. The CCP secretary is the most powerful position in the bank and can hold more sway than the governor.^[2] The current PBC governor Pan Gongsheng holds both posts.^[3] The governor also chairs the PBC Monetary Policy Committee, an advisory body that typically includes the directors and deputy directors of other financial agencies, as well as a few influential academic economists.^[4]

List of officeholders

No.	Name	Took office	Left office	Premier	Party Secretary	Ref.
1	Nan Hanchen	October 1949	October 1954	Zhou Enlai	Nan Hanchen
2	Cao Juru	October 1954	October 1964		Cao Juru
3	Hu Lijiao	October 1964	1966		Hu Lijiao
Position abolished during Cultural Revolution
4	Chen Xiyu	13 May 1973	March 1978	Zhou Enlai
				Hua Guofeng
5	Li Baohua	5 March 1978	4 May 1982		Li Baohua
				Zhao Ziyang
6	Lü Peijian	4 May 1982	21 March 1985		Lü Peijian
7	Chen Muhua	21 March 1985	12 April 1988		Chen Muhua
8	Li Guixian	12 April 1988	2 July 1993	Li Peng
					Li Guixian
9	Zhu Rongji	2 July 1993	30 June 1995		Zhou Zhengqing
10	Dai Xianglong	30 June 1995	28 December 2002		Dai Xianglong
				Zhu Rongji
11	Zhou Xiaochuan	28 December 2002	19 March 2018		Zhou Xiaochuan
				Wen Jiabao		[5]
				Li Keqiang
12	Yi Gang	19 March 2018	25 July 2023		Guo Shuqing
				Li Qiang
13	Pan Gongsheng	25 July 2023	Incumbent		Pan Gongsheng

References

1. "Constitution of the People's Republic of China". National People's Congress. Retrieved 2022-08-08.
2. White, Edward; Leng, Cheng (2023-07-01). "Western-trained banker in line to lead China's central bank". Financial Times. Retrieved 2023-07-01.
3. "Yellen's China Trip Leaves No Doubt Pan's in Charge of PBOC". Bloomberg News. 9 July 2023. Retrieved 28 August 2023.
4. "Decoding Chinese Politics". Asia Society. Retrieved 2 October 2023.
5. Chen, Muyang (2024). The Latecomer's Rise: Policy Banks and the Globalization of China's Development Finance. Ithaca and London: Cornell University Press. p. 148. ISBN 9781501775857. JSTOR 10.7591/jj.6230186.