NEWSMAKER-Safety first in 中国 under new central bank 知事
By Kevin Yao
BEIJING, July 25 (Reuters) - 中国's new central bank 知事 Pan Gongsheng brings with him the 評判 of a firefighting 技術家出身の管理職者, signalling growing 関心s の中で the country's leadership over systemic 危険s in the $57 一兆 財政上の 部門.
Pan, who （機の）カム to prominence fighting 資本／首都 outflows last １０年間, will be 仕事d with stabilising a 滞るing yuan, steering the world's second-largest economy away from deflationary 圧力s, and fending off 開始するing 危険s of 財政上の 不安定.
A 減少（する） of more than 6% in the yuan over the past six months has raised 関心s over 資本／首都 outflows.
A 下降 in the 所有物／資産／財産 部門, which accounts for about a ４半期/4分の1 of 経済的な activity in 中国, and a mountain of 地元の 政府 負債 also 提起する／ポーズをとる major challenges for the banking 部門 and the broader economy.
"Our 財政上の system 直面するs many 内部の and 外部の 圧力s," said Zhao Xijun, co-dean of 中国 資本／首都 Market 研究 学校／設ける at Renmin University. "Pan has rich experience 対処するing with such challenges."
Pan, 60, was elevated to the central bank's 最高の，を越す political 地位，任命する this month. On Tuesday, he was 確認するd as the 交替／補充 for 尊敬（する）・点d 知事 Yi ギャング（団）, becoming the first person to take over both 地位，任命するs since Yi's 前任者 Zhou Xiaochuan.
Pan played a 重要な 役割 in the 再編成 and 名簿（に載せる）／表（にあげる）ing of the 明言する／公表する-owned 産業の and 商業の Bank of 中国 and 農業の Bank of 中国 , before becoming a 副 知事 in 2012. Since 2016, he had also been 中国's 最高の，を越す foreign 交流 regulator, managing the world's largest foreign 交流 reserves of around $3.2 一兆.
He took a 堅い 姿勢 against 通貨 相場師s and was also 伴う／関わるd in 明言する／公表する banking 改革（する）s, 強化するing 所有物／資産／財産 market and fintech 規則s, and in banning cryptocurrencies.
U.S. 財務省 長官 Janet Yellen met with Pan during her trip with Beijing this month, referring to him as the 長，率いる of the People's Bank of 中国 (PBOC). 財務省 公式の／役人s have long 勧めるd 中国 to be more transparent with how it manages the yuan.
"Pan will put more 強調 on 危険 予防, as he （機の）カム from 商業の banks and used to を取り引きする 危険s," said Xu Hongcai, 副 director of the 経済的な 政策 （売買）手数料，委託（する）／委員会／権限 at the 明言する／公表する-支援するd 中国 協会 of 政策 Science.
"He will 支払う／賃金 more attention to yuan 安定."
'ETERNAL THEME'
In a speech in late May, Pan spoke at length about 妨げるing and 解決するing 財政上の 危険s as an "eternal 主題", calling for better 調整 between regulators in the 状況 of a "コンビナート／複合体 and ever-changing 外部の 環境".
It was not すぐに （疑いを）晴らす what 明確な／細部 対策 Pan would take to shore up 財政上の 安定, but 分析家s say his aversion to 危険 meant he would be 用心深い about 緩和 通貨の 政策 too much in 返答 to deflationary 危険s and growing talk of prospects for Japan-like "lost １０年間s" of slow growth.
中国's 最高の，を越す leaders on Monday 誓約（する）d support for the economy まっただ中に a "tortuous" 回復 from the pandemic, but 需要・要求するd "慎重な" 通貨の 政策 and a stable 通貨.
A 上級の PBOC 公式の／役人 said this month the bank could lower reserve 必要物／必要条件 割合s, but 分析家s 広範囲にわたって 推定する／予想する such liquidity 上げるs or 利益／興味 率 削減（する）s to be minor 予定 to growing 負債 危険s.
The PBOC 削減（する） （判断の）基準 率s for the first time in 10 months in June by a modest 10 basis points, but held 解雇する／砲火／射撃 in July.
In his 二重の 役割, Pan, who did 地位，任命する-doctoral 研究 at Cambridge University and was a 上級の 研究 fellow at Harvard University, will have a 強固にする／合併する／制圧するd position of 力／強力にする, albeit in an 会・原則 報告（する）／憶測ing into new regulators.
中国 has taken steps this year to 強化する party 支配（する）／統制する over 財政上の system, 含むing 計画（する）s for a Central 財政上の （売買）手数料，委託（する）／委員会／権限 to 監督する the PBOC and other 会・原則s.
The new structure 鈍らせるs 期待s Pan might 支持する／優勝者 プロの／賛成の-market 改革（する）s as his two 前任者s did.
"He is pragmatic and he is tougher in 器具／実施するing 政策 計画（する）s" than Yi, said a former 研究員 at the PBOC who requested anonymity 予定 to the sensitivity of the 事柄.
Pan "尊敬（する）・点s the market but is not dogmatic" about market 軍隊s needing to play a greater 役割 in the Chinese economy, the 研究員 said. (報告（する）／憶測ing by Kevin Yao; 令状ing by Marius Zaharia; Editing by Shri Navaratnam)
