(Beijing Comprehensive News) Zhu Hexin, a senior banker Zhu Hexin, was appointed Secretary of the Communist Party of China of the State Administration of Foreign Exchange. This position is responsible for managing the world's largest foreign exchange reserves, and at the same time responding to economic challenges brought about by interest rate hikes.

According to the website of the State Administration of Foreign Exchange, the Organization Department of the Central Committee of the Communist Party of China announced on Friday (November 24) that Zhu He was newly appointed as a member of the Party Committee of the People's Bank of China and secretary of the Party Group of the State Administration of Foreign Exchange.The post secretary of the Party Group of the State Foreign Exchange Administration of Pan Gongsheng is eliminated.

The

Securities Times pointed out that this means that the management of the China Foreign Exchange Bureau is expected to end the transitional status of the President of the People's Bank of China. Zhu Hexin is also expected to be the director of the Foreign Exchange Bureau.

Zhu Hexin, 55 years old, has worked in the banking industry for more than 20 years.EssenceHe is a member of the 20th Central Committee of the Communist Party of China.

The appointment occurred in Beijing to carry out financial supervision and reorganization to cope with economic risks.The Central Financial Work Conference has emphasized that we must adhere to the eternal theme of preventing and control risks.

Surging News pointed out that with financial career or regulatory experience, financial circles, and financial theoretical literacy, in recent years, it has become the key to selecting local financial officials in China.The Securities Times believes that Zhu Hexin's experience in the financial field has been well known to the real economy in the past 30 years.Caixin.com pointed out that his experience in state -owned banks and deputy governors has enabled him to have a comprehensive perspective of industry and finance. This return to the monetary regulatory authorities is reused.

Elisia, chief economist in the Asia -Pacific region of Faxing Bank, said that in view of the weak state of the RMB and unconventional intervention in the banking industry, Zhu Hexin's professional knowledge and experience in the banking industry and the market is essential."Only those who have a finger industry and the market can do a good job (prevent risk)."