China confirms Wu Xiaoling as forex chief

China announced the appointment of Wu Xiaoling as director general of the State Administration of Foreign Exchange (SAFE). Wu had been acting head of the foreign exchange policy body since May, when Li Fuxiang died from a fall from a hospital building. Wu would continue to hold her current post as vice governor of the People's Bank of China, the central bank. Wu was previously head of the Shanghai branch of the central bank and was Li's predecessor as head of SAFE. The body, which sets foreig