In recent days, there have been frequent personnel transfers at the central bank and the SAFE.On August 3, the State Council announced the appointment and removal list of a new batch of national staff, appointing Liu Guoqiang as the deputy governor of the People's Bank of China; appointing Xuan Changneng as the deputy director of the State Administration of Foreign Exchange, and removing Xuan Changneng from the China Securities Regulatory CommissionAssistant to the Chairman.

On August 1, the central bank’s official website showed that Zhu Hexin, the former vice governor of Sichuan Province, has become a member of the party committee of the People’s Bank of China, and made his debut at the central bank’s work video conference in the second half of 2018.According to the Caixin reporter, Zhu Hexin is expected to become the full-time deputy director of the Financial Stability Committee of the State Council.

Later in the afternoon of the same day, the SAFE announced that Sun Tianqi, director of the General Affairs Department of the SAFE, was appointed as the chief accountant of the SAFE, and Wang Chunying, director of the Balance of Payments Department and spokesperson of the SAFE, was appointed as the chief economist of the SAFE.

In December 2016, Liu Guoqiang was transferred from the director of the First Economic Bureau of the Central Finance and Economics Leading Office (hereinafter referred to as the Central Finance Office) to the assistant to the governor of the People's Bank of China, officially leaping into the outside world.

After graduating from the Economics Department of Xiamen University with a major in planning and statistics in 1984, Liu Guoqiang worked in the Comprehensive Statistics Department of the National Bureau of Statistics for 17 years, mainly responsible for monitoring and early warning of national economic operations, analyzing and studying major economic and social issues, proposing macro-control consulting suggestions, and providing economic and social services.Comprehensive statistics, etc.

Before being transferred to the central bank, Liu Guoqiang worked in the Central Finance Office for 14 years.Since 2001, he was seconded from the Comprehensive Statistics Department of the National Bureau of Statistics to the Macroeconomic Group of the Central Finance Office, and was officially transferred to the Central Finance Office at the end of the following year. He has successively served as a division-level cadre, assistant inspector, and deputy inspector of the Macroeconomic Group;Inspector and team leader; in August 2014, after the economic group was renamed the first economic bureau, he continued to serve as the director of the first economic bureau of the Central Financial and Economic Leading Group Office, and officially became the assistant to the governor of the People's Bank of China in December 2016.Party committee.

During this period, Liu Guoqiang worked in Guangdong Province from 2008 to 2010. He was the deputy director of the Provincial Party Committee Research Office, a member of the Standing Committee of the Foshan Municipal Committee of Guangdong Province, and then returned to the China Finance Office.

During his work at the China Finance Office, Liu Guoqiang was responsible for macroeconomic analysis and policy research and formulation, participated in the drafting of documents for the Central Economic Work Conference in recent years, and also participated in the drafting of documents for the Central Financial Work Conference.

It is said that Liu Guoqiang is low-key and calm.Liu He's comparative study of the two major global crises won China's highest economic award - the Sun Yefang Economic Science Award. According to the paper, the research had consulted Yang Weimin, Pu Chun, Liu Guoqiang, Yin Yanlin, and Zhao Jian within the China Finance Office.

After Liu Guoqiang took office, the central bank's leadership will consist of Governor Yi Gang, Vice President and Party Secretary Guo Shuqing, Vice Presidents Chen Yulu, Pan Gongsheng, Fan Yifei, Liu Guoqiang, Zhu Hexin, and Discipline Inspection Team Leader Xu Jiaai.

As for Xuan Changneng's transfer to the foreign exchange bureau, this returnee official who had served as an assistant to the chairman of the China Securities Regulatory Commission for less than two years returned to the central bank system for the second time.

Xuan Changneng has rich experience in working in foreign-funded financial institutions and China's financial regulatory authorities, and is one of the first batch of returnee officials in the financial regulatory authorities.During his tenure as the assistant to the chairman of the China Securities Regulatory Commission, he was in charge of the issuance department and mainly assisted Liu Shiyu, the chairman of the China Securities Regulatory Commission, to focus on solving the barrier lake problem of the IPO.During Xuan Changneng's tenure at the central bank, he implemented the system of three agricultural departments in the Agricultural Bank of China, and made breakthroughs in major financial fields such as the deposit insurance system and policy bank reforms that have been delayed for many years. As the main executor, Xuan Changneng has achieved remarkable results.He is low-key, pragmatic, diligent, has a broad vision, and has made achievements in the field of research. This is the evaluation of Xuan Changneng by the central bank's middle management.

Xuan Changneng, 52 years old, is a native of Wuwei County, Anhui Province. He has a double doctorate in finance and law.He graduated from the University of Science and Technology of China in 1988, and received a Ph.D. in Finance from the University of Texas at Austin in 1997. Later, he served as a senior analyst in the Derivatives Research Department of JP Morgan Bank, engaged in the trading and pricing of derivative securities and the company's risk management.After working for two years, he went to the University of Pennsylvania School of Law to study for a Juris Doctor degree.When he was studying in Texas, he initiated the establishment of the Chinese Finance Association in the United States, held regular academic exchanges, organized experts to give lectures back to China, established counterpart contacts with some Chinese government departments, and built another bridge between the economic circles of China and the United States..Xuan Changneng was also elected as the fifth president of the society.

In 2000, Xuan Changneng returned to China and joined the China Securities Regulatory Commission. He served as a member of the Planning Committee of the China Securities Regulatory Commission and deputy director of the Institutional Supervision Department.After 2004, he was transferred to CCB, and successively served as a senior consultant of CCB's reorganization office and secretary of the board of directors of CCB.In 2006, Xuan Changneng joined JC. Flowers, a private equity investment fund, as the managing director; he returned to the central bank two years later, and first served as the director of the central bank's financial research institute. In 2009, he served as the director of the central bank's stability bureau until now.

After Xuan Changneng went to serve as the assistant to the chairman of the China Securities Regulatory Commission, Lu Lei took over as the director of the Central Bank's Stability Bureau.Today, Lu Lei has served as the deputy director of the State Administration of Foreign Exchange in May 2017, while Zhang Xin, another deputy director of the State Administration of Foreign Exchange, served as the director of the Central Bank's Stability Bureau before Xuan Changneng.Therefore, the directors of the central bank's stability bureau for three consecutive terms are currently serving as deputy directors of the foreign exchange bureau.In addition to the two chief teachers who took office the day before, the current foreign exchange bureau has a leadership structure of one director, four deputy directors and two chief teachers. The director is Pan Gongsheng, and the other deputy director is Zheng Wei.■

Caixin reporters Zhang Yuzhe and Liu Caiping also contributed to this article