In China, the party secretary of an institution typically holds the most sway.
The People’s Bank of China announced Saturday that Pan Gongsheng, head of the country’s foreign exchange regulator, would become the central bank’s party secretary.
In a country ruled by the Communist Party of China, the party secretary of an institution typically holds the most sway.
Pan’s appointment to the role comes as Beijing continues to unfurl leadership changes. The Party’s twice-a-decade congress in October and an annual parliamentary meeting in March gave President Xi Jinping an unprecedented third term.
