China central bankers lose status in party as Xi loyalist gains power

Top two leaders of People's Bank of China no longer on Central Committee

20230706N He Lifeng

Vice Premier He Lifeng, and not central bank chiefs, is seen as spearheading Chinese financial policy. © Reuters

IORI KAWATE, Nikkei staff writer

BEIJING -- The status of the leaders of the People's Bank of China is declining within the Communist Party, with neither current Gov. Yi Gang nor Pan Gongsheng, the newly appointed party chief at the central bank, included among the 376 high-ranking members or alternates of the party's Central Committee.

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