Chinese premier Li Qiang becomes CFC head

The People’s Bank of China, Beijing

China’s authorities have named premier Li Qiang as the head of the Central Financial Commission (CFC).

The CFC is one of the two new Communist party-led bodies set up in March to oversee China’s financial sector. The authorities will also appoint former People’s Bank of China (PBoC) deputy governor Zhu Hexin as the foreign exchange regulator’s head, Reuters reported today (November 22).

Beijing has recently been finalising the leadership of the new bodies. Earlier this month, vice-premier He

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