There is optimism sweeping across Asian markets following a statement by the People's Bank of China, (PBOC). The macro-communication issued at a rare briefing was comprehensive - a package of policy-easing measures aimed at soothing an ailing economy as detailed in a report by CNBC.

People’s Bank of China eases the reserve requirement ratio by 50 basis points, stocks rally

Pan Gongsheng is the man of the moment in China. He has been appointed as the governor of the country's central bank. This is a huge responsibility for pan, as the world's second-largest economy struggles to grow. 60-year-old Pan replaces Yi Gang, who has reached the retirement age of 65. His appointment signals that Beijing is prioritizing policy continuity. This is at a time when economic recovery is losing momentum and officials are grappling with various ways to boost confidence.

China appoints a new central bank governor

pan-gongsheng

Pan Gongsheng, News on Pan Gongsheng, stories on Pan Gongsheng, articles on Pan Gongsheng, Pan Gongsheng stories at Wion, Pan Gongsheng news, Pan Gongsheng latest news

pan gongsheng

People’s Bank of China eases the reserve requirement ratio by 50 basis points, stocks rally

China appoints a new central bank governor