Select Language:
The central bank has announced the appointment of Li Wei, the head of its technology department, as the new governor of its Beijing branch. This move highlights an increased focus on supporting innovation and technology companies within the capital. Li will also serve as the secretary of the branch’s party committee and oversee the Beijing branch of the State Administration of Foreign Exchange, according to official reports.
Additionally, earlier today, the governor visited the Beijing branch to assess ongoing operations. During the visit, he emphasized leveraging policy tools like refinancing options aimed at fostering technological innovation and upgrading equipment. The goal is to bolster the development of financial services tailored specifically for science and technology enterprises in the city.
The central bank is committed to advancing the open development of finance in Beijing, promoting reforms that facilitate cross-border trade and investment, and enhancing foreign exchange management to better support the real economy.
Li Wei takes over from Chao Kejian, who was reassigned earlier this month to serve as secretary of the party committee and chairman of China Financial Computerization Group, a subsidiary of the central bank.
Li has accumulated extensive experience at the central bank, including roles such as deputy director of the China National Clearing Center and deputy director of the central bank’s Shijiazhuang branch.
As artificial intelligence continues to be a key driver of high-quality growth across industries, its importance in transforming the financial sector digitally is growing. During a conference held late last year, Li highlighted this development while also cautioning about the challenges and risks associated with AI applications in finance.
ChatGPT
Perplexity
Gemini AI
Grok AI
