(25 Jul 2023)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
ARCHIVE: Beijing, China - 3 March 2023
1. Wide of press briefing attended by Pan Gongsheng, at the time Deputy Governor of the People’s Bank of China
2. Close of Pan speaking
3. Wide of press briefing
4. Close of Yi Gang, at the time Governor of People’s Bank of China, speaking at press conference
ASSOCIATED PRESS
ARCHVIE: Hong Kong - 3 July 2017
5. Various of Bond Connect launching ceremony in Hong Kong Stock Exchange
6. Pan (third from screen-left) and at the time Hong Kong Chief Executive Carrie Lam (fourth from left) at ceremony
7. Pull-out of Pan (right of plaque) and the then Hong Kong Monetary Authority Chief Executive Norman Chan (left of plaque)
STORYLINE:
Pan Gongsheng was named China’s central bank governor Tuesday in the widely anticipated final major appointment of the ruling Communist Party’s once-a-decade change of power.
Pan, a deputy central bank governor and veteran of China’s state-owned banking industry, succeeds Yi Gang, an American-trained economist.
Pan’s promotion by the ceremonial legislature, the National People’s Congress, follows other Cabinet-level appointments that were announced in March.
The governor of the People’s Bank of China is the most prominent Chinese figure in finance circles.
Pan, who turns 60 this month, met July 8 with visiting U.S. Treasury Secretary Janet Yellen, indicating he was being promoted.
He was widely assumed to be in line for the job after he was named Communist Party secretary for the central bank.
Pan in 2015 was appointed head of China’s foreign exchange regulator, usually a stepping stone to the top central bank job.
Earlier, he was a vice president of Agricultural Bank of China Ltd., one of the country’s four major commercial lenders.
Pan earned a Ph.D. in economics from Renmin University in Beijing and did research at Cambridge and Harvard universities.
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