Dai Xianglong leaves People's Bank of China

China has replaced its longtime central bank governor, putting a former stock market regulator in charge as it prepares to open its banking industry to foreign competition.

Dai Xianglong, who headed the People's Bank of China for eight years, will be succeeded by Zhou Xiaochuan, former chairman of the China Securities Regulatory Commission.

Dai is taking up a post as acting mayor in Tianjin, a major port city east of Beijing.

Shang Fulin, 51, president of China's state-owned Agricultural Bank of

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: