In China, the party secretary of an institution typically holds the most sway.
Pan Gongsheng, head of China's foreign exchange regulator, was named to the position of party secretary for the People's Bank of China on Saturday.
In a country ruled by the Communist Party of China, the party secretary of an institution typically holds the most sway. Pan's appointment comes as Beijing continues to unfurl leadership changes, especially in financial regulation.Vcg | Visual China Group | Getty Imagesannounced 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
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