(Yicai Global) Nov. 11 -- The People’s Bank of China has named the ex-president of China Construction Bank, one of the country’s ‘Big Four’ banks, and a former vice mayor of Chongqing to serve as one of its deputy governors, a position that has lain vacant for over six months.

54-year-old Liu Guiping, who joined Beijing-based China Construction Bank in July 2019, replaces Zhu Hexin who left the PBOC in March to take the helm at state-owned investment firm Citic Group.

The banking veteran worked for the Agricultural Bank of China, another of the ‘Big Four,’ for 25 years, rising to become the head of its Fujian province and Shanghai branches. In 2014 he jumped ship to take on the role of vice general manager at sovereign wealth fund China Investment Corporation before moving into politics.

He joins five other vice governors, namely Pan Gongsheng, Guo Shuqing, Chen Yulu, Fan Yifei and Liu Guoqiang who serve under Governor Yi Gang.

Editor: Kim Taylor