China replaces central bank advisor

Source: Xinhua| 2019-04-11 19:05:21|Editor: Li Xia
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BEIJING, April 11 (Xinhua) -- The General Office of the State Council, China's cabinet, on Thursday announced the appointment of a new member of the central bank monetary policy committee.

Yi Huiman, head of the China Securities Regulatory Commission (CSRC), the top securities regulator, will sit on the monetary policy committee of the People's Bank of China, according to a notice on the government website.

Liu Shiyu, former head of CSRC, will no longer serve as a member of the committee, the notice said.

The central bank monetary policy committee, established in 1997, is responsible for advising the country's monetary policies. There are currently 14 committee members, including central bank officials, officials of other government agencies, and experts.