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Pan Gongsheng

From Wikipedia, the free encyclopedia
Chinese economist, banker, reformist and government official
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Pan Gongsheng
潘功胜
Pan in 2023
13thGovernor of the People's Bank of China
Assumed office
25 July 2023
PremierLi Qiang
Preceded byYi Gang
Director of theState Administration of Foreign Exchange
In office
12 January 2016 – 24 November 2023
PremierLi Keqiang
Li Qiang
Preceded byYi Gang
Succeeded byZhu Hexin [zh]
Deputy Governor of the People's Bank of China
In office
December 2012 – 25 July 2023
GovernorZhou Xiaochuan
Yi Gang
Personal details
Born (1963-07-08)July 8, 1963 (age 62)
Anqing,Anhui, China
PartyChinese Communist Party
Alma materRenmin University of China

Pan Gongsheng (Chinese:潘功胜;pinyin:Pān Gōngshèng; born July 8, 1963) is a Chineseeconomist and politician who is the currentChinese Communist Party Committee Secretary andgovernor of thePeople's Bank of China (PBC). He served as the Director of theState Administration of Foreign Exchange from 2016 to 2023. At the PBC, he has worked on themonetary policy of China.

Education

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Pan received his Ph.D. in economics fromRenmin University of China. He did his post-doctoral research atCambridge University and was a research fellow atHarvard University.[1]

Career

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Commercial Banking

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Pan was Vice President of Agricultural Bank of China from 2008-2010. Prior to Agricultural Bank Pan worked at Industrial and Commercial Bank of China in a number of positions.[1]

People's Bank of China

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In 2012, Pan joined the People's Bank of China as Deputy Governor, and later assumed leadership ofState Administration of Foreign Exchange, as its administrator.[2][1] Pan leads Leading Group of Internet Financial Risks Remediation, which has been tasked with clamping down onBitcoin andcryptocurrency in China.[3]

He is also a member of the Academic Committee of theChina Finance 40 Forum (CF40).[4] In July 2023, he was appointed as the secretary of the People's Bank of China Committee of the Chinese Communist Party, succeedingGuo Shuqing.[5][6]

In 2023, Pan was appointed as the Governor of thePeople’s Bank of China.[7] As central bank governor, he believed in a new formation of global currency order, with therenminbi competing in a multi-polar system. He also cited concerns about reliance on theUS dollar.[8]

In June 2025, he met with president of theEuropean Central Bank,Christine Lagarde, in Beijing to discuss cooperation on central banking.[8]

References

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  1. ^abchttp://www.pbc.gov.cn/english/130715/130839/index.html
  2. ^"国家外汇管理局信息门户".State Administration of Foreign Exchange. Archived fromthe original on 2018-01-17. Retrieved2018-01-09.
  3. ^Russell, John (9 January 2018)."China is reportedly moving to clamp down on bitcoin miners".TechCrunch. Retrieved10 January 2018.
  4. ^"Organizational Structure".CF40. Archived fromthe original on 2021-11-25. Retrieved2021-02-07.
  5. ^Pisharody, Gokul; Gautam, Bharat Govind (2023-07-01)."China foreign-exchange regulator Pan Gongsheng named central-bank party boss".Reuters. Retrieved2023-07-01.
  6. ^White, Edward; Leng, Cheng (2023-07-01)."Western-trained banker in line to lead China's central bank".Financial Times. Retrieved2023-07-01.
  7. ^"中华人民共和国主席令(第八号)--新闻报道-中国共产党新闻网".cpc.people.com.cn. Retrieved2023-07-25.
  8. ^abHale, Thomas; Leng, Cheng (2025-06-18)."China's central bank chief expects new currency order to challenge dollar".Financial Times. Retrieved2025-07-10.
Wikiquote has quotations related toPan Gongsheng.


Party political offices
Preceded byCommunist Party Secretary of thePeople's Bank of China
2023–present
Incumbent
Government offices
Preceded by Director of theState Administration of Foreign Exchange
2016–2023
Succeeded by
Preceded byGovernor of the People's Bank of China
2023–present
Incumbent
Li Qiang Cabinet I (2023–2028)
Premier

PremierLi Qiang


1st Vice-PremierDing Xuexiang
Vice Premiers
State Councilors
  1. Li Shangfu(removed from post on 24 October 2023)
  2. Wang Xiaohong
  3. Wu Zhenglong
  4. Shen Yiqin
  5. Qin Gang(removed from post on 24 October 2023)
Secretary-General
Ministers
1Foreign Affairs
2National Defense
Li ShangfuvacantDong Jun
3Development & Reform Commission
4Education
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22Health Commission
23Veterans Affairs
24Emergency Management
Central Bank Governor
Auditor-General
Central bank governors of theG20
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