By Rong Xiandong (chinadaily.com.cn)
Updated: 2007-07-17 10:05

Su Ning

China's central bank yesterday announced that its vice governor Su Ning will succeed Xiang Junbo as director of the bank's Shanghai headquarters. Su will retain his current position as the bank's deputy head.

Xiang has been transferred and will be in charge of the Agricultural Bank of China.

The new director said the Shanghai head office, as an integral part of the People's Bank of China, will strive to expand its functions to help build Shanghai into an international financial center.

Related readings:  Central bank to apply consistent, moderate tightening policies  Central bank: China's financial stability enhanced  Inflation worries central bank  Another deposit reserve ratio hike likely

Su noted that the Shanghai branch will reinforce the central bank's capabilities in macro control.

The Shanghai headquarters was incorporated based on the former Shanghai branch in August 2005.