Li Dongrong appointed deputy governor of PBOC

BEIJING -- China's central bank has promoted Li Dongrong to deputy governor in its latest reshuffle, according to a Friday statement on the bank's website.

Li, 58, has worked as the governor's assistant since December 2008. He worked in the bank's bureau in south China's Guangdong province for 18 years before moving to Beijing in 2002 to take the deputy director post at the State Administration of Foreign Exchange.

The People's Bank of China, or the central bank, last month named Pan Gongsheng, the former vice president of the Agricultural Bank of China, China's fourth-largest lender by asset value, as deputy governor.