Mr RMB to bow out this March

City A.M. Reporter
THE HEAD of China’s central bank Zhou Xiaochuan will step down next month after 11 years, according to a report in a state-run newspaper, the China Securities Journal.

Zhou’s departure was signalled at the end of last year when he was excluded from the Communist Party’s central committee.

Zhou, 65, gained the nickname Mr RMB when he oversaw the loosening of the state’s exchange rate regime for the renminbi in 2005.

Mooted successors include the head of China’s banking regulator Shang Fulin and Guo Shuqing the chief securities regulator.