China to shake up financial system as Xi Jinping installs key associates- WSJ

Kitco Media
By Reuters
Published:
Updated:
Reuters
Feb 23 (Reuters) - Chinese President Xi Jinping is preparing to shake up the leadership of the country's financial system, the Wall Street Journal reported on Thursday. Xi will install key associates to run the central bank and revive a Communist Party body to tighten political control over financial affairs, the newspaper reported citing sources. Zhu Hexin was the leading candidate to succeed U.S.-educated economist Yi Gang as governor of the People's Bank Of China, the report added. (Reporting by Shivani Tanna in Bengaluru; Editing by Alex Richardson)

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