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PBOC Sees Shakeup at the Top as Three of Four Deputies to Leave

The People’s Bank of China is set to lose three of its four deputy governors as personnel change sweeps through the central bank’s second tier.

Deputy Governor Hu Xiaolian, 56, is departing and is set to be named Export-Import Bank of China’s new chairman, according to people familiar with the situation. Li Dongrong will retire, while Yi Gang may be replaced after a promotion last year to concurrently be deputy director at a Communist Party body that oversees economic policy.