China appoints Pan Gongsheng as new PBOC governor

<p>Beijing has moved to remove Yi Gang from the post of PBOC governor and he has been replaced with Pan Gongsheng. Meanwhile, Qin Gang has been removed from the post of foreign minister and will be replaced with Wang Yi. From before:</p><ul><li><a href="https://www.forexlive.com/centralbank/icymi-china-made-a-big-change-at-the-countrys-central-bank-this-week-20230704/" target="_blank" rel="follow">ICYMI: China made a big change at the country's central bank this week</a> (4 July)</li></ul>

This article was written by Justin Low at www.forexlive.com.