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The Latest Breaking News from Yi Gang

China names Pan Gongsheng to lead central bank, succeeding Yi Gang

China's ceremonial legislation has endorsed the promotion of Pan Gongsheng to serve as central bank governor

The Independent UK

Yellen says US doesn’t want ‘winner take all’ fight with China

U.S. Treasury Secretary Janet Yellen said competition between the world’s biggest economies is not a “winner-take-all” situation, and called for both sides to manage their rivalry with a fair set of rules.

Tribune News Service

Shanghai Composite Index Rose 1.42% on Monday

Shenzhen Component Index closed up 0.47%

Caixin Global

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PBOC Chief and Fed Chair Hold First In-Person Meeting Since 2019

Central bank Governor Yi Gang also confers in Washington with G-20 officials and Bank of Japan chief amid World Bank and IMF meetings

Caixin Global

Xi Jinping's show: Who's who in China's new government

China has put the finishing touches on a sweeping leadership reshuffle that has been years in the making and puts trusted allies of leader Xi Jinping in key spots throughout the administration.

WEKU

Markets at risk of more upheaval as banking uncertainty persists

Traders are steeling themselves for the risk of more turbulence after the biggest U.S. bank collapse since the 2008 financial crisis sent shockwaves through markets.

Tribune News Service

China has reappointed its central bank governor, when many had expected a change

China on Sunday reappointed Yi Gang as head of the central bank in an effort to reassure entrepreneurs and financial markets.

WEKU

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Favoring continuity, China reappoints central bank governor

China has reappointed Yi Gang as head of the central bank in an effort to reassure entrepreneurs and financial markets by showing continuity at the top while other economic officials change

The Independent UK

China Sticks With Its Central Bank Governor and Finance Minister

The decision to avoid a sweeping leadership reshuffle in both departments comes as the country undergoes a transition to a new administration led by Premier Li Qiang

Caixin Global

PBOC to Keep Yuan Steady Against the Dollar, Yi Gang Says

The central bank chief promises to maintain a market-driven approach following the currency’s increasingly wide swings in recent years

Caixin Global

Officials: China real estate recovering from debt crackdown

A Chinese central bank official says the country's vast real estate industry is recovering from a slump triggered by tighter debt controls

The Independent UK

China finance veteran Zhu set to head central bank- sources

A career banker and head of a state-run financial conglomerate, Zhu Hexin, is likely to become governor of China's central bank after next month's annual session of parliament, according to people familiar with the matter.

Reuters

Central bankers fear more volatile inflation

The global economy may be headed for a new era of volatile inflation, making it even more crucial to anchor expectations about where prices are headed, top central bank governors meeting in Bangkok warned on Friday.

Bangkok Post

Yellen, China central bank governor Yi met for two hours of talks -U.S. official

U.S. Treasury Secretary Janet Yellen met for two hours of talks with China's central bank governor Yi Gang on Wednesday at the G20 summit in Bali, a U.S. treasury official said.

Reuters

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Reuters

Yellen, China central bank head hold broad talks at G20 summit

U.S. Treasury Secretary Janet Yellen met China's central bank Governor Yi Gang on Wednesday for talks on issues ranging from high energy and commodity prices to the macroeconomic outlook in both countries, the U.S. Treasury department said.

Reuters

Yellen to seek clarity from China on COVID, property -officials

U.S. Treasury Secretary Janet Yellen will seek clarity on China's plans to ease its COVID-19 restrictions and deal with problems in its property sector when she meets on Monday with China's central bank chief, Treasury officials said on Sunday.

Al Jazeera

In Hong Kong, world bankers urged not to ‘bet against’ China

Hong Kong leader tells investment summit city remains a unique link to the rest of China.

The Independent UK

In Hong Kong, world bankers urged not to 'bet against' China

Chinese regulators have downplayed risks from the country's real estate slump and slowing growth at a financial conference in Hong Kong

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Caixin Global

Digital Yuan Puts Priority on Privacy Protection, PBOC Chief Says

Central Bank Governor Yi Gang outlines e-CNY measures to protect personal data while combatting illicit activities

Reuters

China central bank head likely to step down amid reshuffle

China's central bank chief Yi Gang is likely to step down after he was dropped from an elite body of the ruling Communist Party, with a former central banker a leading contender to succeed him, sources close to the central bank said.

Bangkok Post

China to work with Asian nations to grow use of local currencies in trade

BEIJING: China will work with Asian countries to beef up use of local currencies in trade and investment, Yi Gang, the governor of the central bank, said on Wednesday, as part of plans to strengthen regional economic resilience.

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