Top Contender for PBOC Governor Named Acting Mayor of Beijing
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Yin Yong, who was regarded as a strong candidate to be the next governor of the People’s Bank of China, was named acting mayor of Beijing city, potentially putting him out of the race to take on the job at the central bank.
The local legislature’s standing committee agreed on Friday to appoint Yin, currently deputy party chief in Beijing, as acting mayor of the capital city to fill in for Chen Jining, according to a report by the official Beijing Daily. Chen was earlier named new party secretary for Shanghai.