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Du Jinfu to be promoted to PBOC vice governor

Du Jinfu to be promoted to PBOC vice governor

Write: Cormac [2011-05-20]

Du Jinfu to be promoted to PBOC vice governor

Du Jinfu [file photo]

Du Jinfu, assistant governor of the People's Bank of China (PBOC), the central bank, has passed an internal review and will likely be promoted to the position of vice governor soon, according to a report posed on Caijing magazine's website.

A source close to the central bank told Caijing that Vice Governor Su Ning, 63, may be appointed the new board chairman of China UnionPay, replacing the 68-year-old Liu Yanhuan, who has been in the post for six years.

The source also tipped that another vice president, Ma Delun, 61, is likely to join a financial institution in Hong Kong, the report said.