Tuesday, October 13, 2009

Report says Bank of China's Zhu Min may join IMF

Report says Bank of China's Zhu Min may join IMF

October 12, 2009

BEIJING - Executive vice president with Bank of China Zhu Min might take up a senior post at the International Monetary Fund (IMF), a local Chinese newspaper reported on Tuesday.

The 21st Century Business Herald cited unidentified sources as saying that Mr Zhu, a former World Bank economist who has worked at the Chinese bank since 1996, would be the first Chinese to occupy a top job at the Washington-based IMF.

MR Zhu would be transferred to the People's Bank of China, the central bank, before the move to the IMF, the paper said.

A spokesman for the Bank of China, the country's fourth-largest lender by assets, could not immediately be reached for comment.

Justin Lin, a leading Chinese academic, joined the World Bank last year as its chief economist, an appointment regarded as a reflection of China's growing global stature.