Banking regulator and Hubei chief front runners to head PBoC

CHINA’S top banking regulator Guo Shuqing and veteran banker Jiang Chaoliang are front runners to succeed Zhou Xiaochuan, the country’s longest-serving central bank head who is likely to step down next year, according to multiple sources familiar with the matter.

The leadership reshuffle at the People’s Bank of China (PBoC) is closely watched in global financial markets as monetary policy changes and any moves to further liberalise the financial system of the world’s second-large economy would have repercussions well beyond China’s shores.