from Bloomberg yesterday:
China reappointed several top economic officials in a leadership reshuffle on Sunday, offering investors greater continuity as Beijing overhauls financial regulation and grapples with escalating tensions with the United States.
Yi Gang, 65, the governor of the People’s Bank of China, will stay on, as will the finance and commerce ministers. The appointment of He Lifeng, a close ally of President Xi Jinping, as vice premier suggests he could replace Liu He as the country’s top economic official.
The retention of Yi and others — announced at the annual parliamentary meeting, the National People’s Congress — surprised analysts who had expected a larger reshuffle. Many predict that officials with international experience, like the head of the People’s Bank of China, will be replaced by someone with closer personal ties to Mr. Xi but less familiarity with global investors.
Retaining some of the existing economic teams provides continuity as Beijing creates a powerful new financial regulator and faces a more hostile geopolitical environment.
“The fact that key technocrats are staying should reassure markets and reduce the possibility of mistakes in policy implementation,” said Qian Wang, chief Asia-Pacific economist at Vanguard Group Inc.
Let’s hope. a list of who is where, here. Here is the organization table from GS (names to be updated):
source: GS, October 11, 2022
Note that Li Keqiang’s position as Premier was replaced by Li Qiang, and He Lifeng of the National Natural Resources Defense Council was reassigned as Vice Premier. Zheng Shanjie was transferred to the director of the National Natural Resources Defense Council, and the ministers of the Ministry of Finance and the Ministry of Commerce remained unchanged.
