Lu’s appointment as one of the PBOC’s four deputy governors followed an illustrious career spanning the central bank, academia and a commercial bank.
China’s State Council appointed Lu Lei deputy governor of the People’s Bank of China, the third new senior official at the central bank since July and the second this month.
Lu, 53, replaces Liu Guoqiang, who has been a deputy governor of PBOC since 2018, according to a statement from Ministry of Human Resources and Social Security. Liu turned 60 in June, reaching the general retirement age for Chinese officials at the vice-ministerial level.
