Boao Forum Greets New Board, Elects Ex-PBOC Governor Zhou Vice Chair

Boao Forum Greets New Board, Elects Ex-PBOC Governor Zhou Vice Chair

Xu Yanyan

Date: Tue, 04/10/2018 - 12:03 / source:Yicai
Boao Forum Greets New Board, Elects Ex-PBOC Governor Zhou Vice Chair
Boao Forum Greets New Board, Elects Ex-PBOC Governor Zhou Vice Chair

Yicai Global) April 10 -- Zhou Xiaochuan, who lately withdrew from his post as the governor of the People’s Bank of China (PBOC), has become the new vice chairman of the board of governors of the Boao Forum for Asia.

The forum welcomed its new board of governors yesterday, with ex-Secretary-General of the United Nations Ban Ki-moon elected chairman, while Li Baodong, China's deputy foreign affairs minister, was appointed secretary-general.

Zhou Xiaochuan, the former president of PBOC, will serve as the chief delegate of China to the Boao Forum for Asia. The chief delegate of China shall also become an ex officio governor to the board and serve as its vice chairman, per the forum's rules.

The new 19-member board also includes Gloria Arroyo, former president of the Philippines, Carlos Gutierrez, ex-US commerce secretary, Yasumi Kudo, the chairman of Nippon Yusen Kabushiki Kaisha, Kwon Oh-hyun, head of Samsung Electronics Co., Vincent Lo, chairman of the Hong Kong Trade Development Council, Hiroaki Nakanishi, chairman of Hitachi Ltd., Romano Prodi, ex-chairman of the European Commission and former premier of Italy, Wong Kan Seng, a previous vice premier of Singapore, as well as Viktor Zubkov, the former premier of Russia and board chairman of Public Joint Stock Company Gazprom.

Governors include Al-Benyan, the vice chairman and chief executive at Saudi Basic Industries Corp., Shaukat Aziz, the ex-premier of Pakistan, Mao Chaofeng, the executive vice governor of Hainan province, Jenny Shipley, previous premier of New Zealand, Susilo Bambang Yudhoyono, former president of Indonesia, Surakiat Sathirathai, ex-vice premier of Thailand, and Ratan Tata, Chairman Emeritus of Tata Motors Ltd. All will serve another term of their respective offices.

The Boao Forum for Asia is a high-level dialog platform on economic, social, environmental and other relevant issues oriented to governments, enterprises and experts, and Boao in Hainan Province is its permanent venue, though its secretariat is in Beijing.

The 70-year-old Zhou, who stepped down from PBOC’s helm on March 19 this year, had been the central bank’s governor since the end of 2002. His term was longer than any other, and he was also the governor with the most international influence. He actively advanced China’s economic reform and opening during his term.

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Keywords: Zhou Xiaochuan, Boao Forum, New Position