Analysis: Pan Gongsheng took over the central bank to show that the CCP hopes to maint

(Beijing Comprehensive News)Pan Gongsheng was appointed by the Communist Party of China as the Secretary of the Party Committee of the Central Bank and paved the way for the president.Analysts say that the scholar -type veteran is promoted, which means that when China's decision -making level is weak, the decision -making level pays more attention to the continuity of the policy and avoids severe changes.

The Chinese official last Saturday (July 1) announced the news that Pan Gongsheng, the vice president of the People's Bank of China and director of the State Administration of Foreign Exchange, was appointed as the Secretary of the Party Committee of the Central Bank.Bloomberg Society on Monday (July 3) said the appointment of this personnel shows that the central bank of China will maintain the existing policy direction.This is consistent with the fact that the central bank has recently cut interest rates slightly under economic growth and encourages bank loans to lend to only tilt to specific fields.After the appointment news was announced, the response of the Chinese stock market and the credit market was milder.

Pan Gongsheng, who is about to be 60 years old, began to serve as Deputy Governor of the Central Bank of China in 2012. In 2016, he served as the director of the State Foreign Exchange. He worked in the central bank for nearly 11 years. He has rich experience in real estate, bonds, and foreign exchange.He also worked in study and research at the University of Cambridge and Harvard University. He was a postdoctoral scholar and senior researcher at Harvard University.

The Deputy Director of the China Research Department, Christopher Beddor, told Bloomberg: "This personnel arrangement represents the continuity of China's decision -making level.Familiar and well received by investors at home and abroad. "

A report on Eurasian Group pointed out that Pan Gongsheng supports supervision reform and supervision, and international knowledge and connections are richer than other central heads.

But the appointment did not answer the key questions about the role of the central bank. Pan Gongsheng himself did not enter as the core of the CCP's power to become a central member or alternate member.If Pan Gongsheng is not expected to take over as the governor of the central bank, he will be the first president of "double non -central" (non -central committee member and non -waiting central committee member) in many years.

Feng Hui, a senior lecturer at the University of Greeis, Australia, said that this may represent the downgrade of the status and influence of the People's Bank of China. In the next five years, the central bank of China will be the role of technical consultant.Play the main role.