China’s former central bank chief loses leadership role in top advisory body

China’s former central bank chief, Yi Gang, and nine other senior officials were removed from leadership roles in the country’s top political advisory body on the weekend, indicating they had been further sidelined.

“Following a vote, it was decided that … Comrade Yi Gang would no longer serve as vice-chairman of the Economic Committee,” Xinhua reported.

The changes are rare, as they took place in the middle of the group’s five-year term, which began in 2023.

The decision came at a meeting of the Standing Committee of the 14th National Committee of the Chinese People’s Political Consultative Conference that concluded in Beijing on Saturday. Photo: Xinhua
The decision came at a meeting of the Standing Committee of the 14th National Committee of the Chinese People’s Political Consultative Conference that concluded in Beijing on Saturday. Photo: Xinhua

In China, it is a common practice for retired ministerial or deputy ministerial-ranked officials to be assigned to vice-chair roles of various special committees of the National Committee of the CPPCC after vacating key government or Communist Party posts.

Yi and eight of the 10 remain in the advisory body despite losing their various committee positions.

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