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China's cabinet appoints new central bank deputy governor

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China's cabinet appointed a new deputy governor of the country's central bank and removed a vice chairman of the banking regulator, it said in a statement on its website on Friday.

[BEIJING] China's cabinet appointed a new deputy governor of the country's central bank and removed a vice chairman of the banking regulator, it said in a statement on its website on Friday.

Zhang Tao will take up the position of deputy governor of the People's Bank of China (PBOC), while Zhou Mubing will no longer hold the post of vice chairman of the China Banking Regulatory Commission (CBRC), according to the statement, which provided no further details.

REUTERS