FOREX REGULATOR’S NEW CHIEF
Veteran banker Zhu Hexin has been appointed head of the State Administration of Foreign Exchange (SAFE) and deputy governor of the People’s Bank of China, the country’s central bank, according to an announcement from the Ministry of Human Resources and Social Security on December 8.
The SAFE is responsible for the operation and management of China’s foreign exchange (forex) and gold reserves. The country’s forex reserves totaled $3.17 trillion at the end of November, the largest in the world since 2006.
Born in March 1968, Zhu spent most of his earlier career at the Bank of Communications and the Bank of China, two of the
