China names foreign-exchange regulator Pan Gongsheng as central-bank party boss

China's ruling Communist Party appointed central bank Deputy Governor Pan Gongsheng as the bank's party secretary on Saturday, a move the Wall Street Journal said would be a prelude to becoming governor.

The party's Central Organization Department announced the decision at a meeting on Saturday afternoon, the People's Bank of China said in a statement on its website.

The Journal reported hours earlier that Pan, chosen for his international background, would be named to the party post before being appointed by the government to head the PBOC.

Reporting by Gokul Pisharody and Bharat Govind Gautam in Bengaluru; Editing by Simon Cameron-Moore and William Mallard

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