PBoC to change Zhou Xiaochuan by next month

FXstreet.com (Barcelona) - According to official Chinese news agency Xinhua, current PBoC chief Zhou Xiaochuan, in charge since year 2002, will step down next month, following previous comments coming from the ruling Communist Party made in Nov last year.

The new central bank head has to be named by China's PM and endorsed by the National People's Congress, which will be held this coming March, thus, presuming he will be endorsed by then, since the PBoC news office hasn't stated yet when Zhou will exactly step down, not responding to Bloomberg News faxed questions about it, Bloomberg reported.

“Potential successors include Shang Fulin, the nation’s banking regulator, and Guo Shuqing, head of the securities regulator, David Loevinger, former senior coordinator for China affairs at the U.S. Treasury Department,” Bloomberg suggests.