PBOC's Yu to stay in post until replaced - report

Yu Yongding, whose term is due to end this month, will remain in his post until a replacement is found, an official in the news department of the People's Bank of China told Dow Jones on Thursday 27 July.

Yu is an academic member of the monetary policy committee of China's central bank.

The official, Bai Li, was quoted as denying a report in Hong Kong's Oriental Daily newspaper that Yu had submitted his resignation as an adviser to the PBOC.

"Yu hasn't sent any resignation letter," Bai said.

Bai

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