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Yi Gang appointed as China's forex chief

(Xinhua)
Updated: 2009-07-17 15:01

Yi Gang

BEIJING: Yi Gang, a former deputy governor of the People's Bank of China, or the central bank, was appointed as the new head of the State Administration of Foreign Exchanges(SAFE), according to a statement on the SAFE's website Friday.

Hu Xiaolian, SAFE's former head became a deputy governor of the central bank, said the bank's website.

Related readings:  'SAFE move will hike capital inflow'  Chinese forex assets safe  Chinese forex kitty aids US moves  China simplifies forex rules to boost outbound investment  China's forex reserves top $2.13t by end of June