October 19, 2017 / 4:33 AM / a year ago

China central bank Governor Zhou says likely to retire soon

China's central bank governor Zhou Xiaochuan speaks during a session on the second day of the 19th National Congress of the Communist Party of China at the Great Hall of the People in Beijing, October 19, 2017. REUTERS/Thomas Peter

BEIJING (Reuters) - China’s central bank governor Zhou Xiaochuan said on Thursday that he is likely to retire soon, confirming an earlier Reuters report.

“Either way it’ll be soon,” Zhou said on the sidelines of the Communist Party Congress, when asked whether he would retire this year or next.

Sources with ties to the leadership and close the central bank had told Reuters that Zhou is likely to retire around the time of the annual session of parliament next March.

China’s top banking regulator Guo Shuqing and veteran banker Jiang Chaoliang are front runners to succeed Zhou Xiaochuan, the country’s longest-serving central bank head, according the sources.

Reporting by Min Zhang, John Ruwitch and Matthew Miller; Editing by Kim Coghill

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