China’s top banker: Next week’s 19th National Congress in Beijing is President Xi Jinping’s party, but the real focus of the conclave is likely to be on who will replace outgoing People’s Bank of China governor Zhou Xiaochuan, William Pesek writes. Zhou, who turns 70 in January, is a tough act to follow. Over the past 15 years, he’s been Beijing’s most consistent and forceful reformer, its economic face across three presidencies and the longest-serving governor among the top 20 economies. During that time, he scrapped China’s dollar peg, modernized monetary-policy tools, ended caps on deposit rates and engineered the yuan’s elevation toward reserve-currency status. Who might replace Zhou? Speculation often centers on Jiang Chaoliang, party secretary in Hubei Province. Political heavyweight Guo Shuqing, chairman of the Banking Regulatory Commission, gets mentioned, as does Yi Gang, one of Zhou’s deputies. READ THE STORY HERE
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