The Communist Party of China has decided to appoint Pang Gongsheng as Party Secretary of the People’s Bank of China (Central Bank). This has been reported editor website.
Before that, the position was held by Guo Shuqing, Pang Gongsheng was his deputy. Yi Gang, who is currently the chairman of the People’s Bank of China, was also removed from his position as deputy secretary of the party committee.
Prior to that, the People’s Bank of China made a statement after the party committee meeting. reportedHe said that pressure from the United States and Western countries should be responded to appropriately.
“To respond appropriately to containment and pressure from the United States and the West (necessary),” the People’s Bank of China said in a statement.
The regulator also noted the need to continue to prevent and eliminate financial risks, improve the emergency response plan, and support the stable and healthy development of the real estate market. The People’s Bank of China also stressed the need to strengthen the construction of a financial stability guarantee system and maintain the smooth functioning of the financial market and financial infrastructure.
former Central Bank declaration about a possible increase in key rate.