# China to get first new central bank PBOC head in 15 years

> China is set to name its first new central bank governor in 15 years, as Zhou Xiaochuan, who has led the People's Bank of China since 2002, is expected to retire. The choice is seen as a signal of Beijing's direction for financial reform and the yuan.

- Date: 2017-09-21 · published 2017-09-21T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/69194-china-to-get-first-new-central-bank-pboc-head-in-15-years
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A new PBOC head could change the pace of yuan reform, which affects currency volatility and the dollar cost of Chinese feed imports, though the price effect is not immediate.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-09-29 | ['Do not bet': China's central bank PBOC warns against yuan speculation](https://feedsoft.ai/events/39805-do-not-bet-china-s-central-bank-pboc-warns-against-yuan-speculation.md) | -1.2% | +0.3% |
| USDCNY | 2024-07-09 | [China’s central bank is stuck in a policy dilemma](https://feedsoft.ai/events/12299-china-s-central-bank-is-stuck-in-a-policy-dilemma.md) | -0.1% | -1.9% |
| USDCNY | 2018-03-27 | [China’s Central Bank Sends Yuan Surging](https://feedsoft.ai/events/66212-china-s-central-bank-sends-yuan-surging.md) | +0.2% | +0.8% |
| USDCNY | 2024-01-24 | [Instant view: China central bank acts to support markets, economy](https://feedsoft.ai/events/32356-instant-view-china-central-bank-acts-to-support-markets-economy.md) | +0.0% | +0.2% |
| USDCNY | 2018-08-24 | [China central bank adjusts yuan fix factors to keep FX market stable \| Reuters](https://feedsoft.ai/events/63740-china-central-bank-adjusts-yuan-fix-factors-to-keep-fx-market-stable-reuters.md) | -0.5% | -0.3% |

## Sources

- cnbc.com: https://www.cnbc.com/2017/09/21/china-to-get-first-new-central-bank-pboc-head-in-15-years.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.