Veteran Forex Regulator Poised to Lead China’s Exim Bank

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Wang Chunying. Photo: VCG

Wang Chunying, a forex regulator with more than three decades of experience, is expected to become the new president of policy lender Export-Import Bank of China (Exim Bank).

Wang has been appointed a deputy chief of the Exim Bank’s Communist Party committee, succeeding Ren Shengjun, according to a statement by the lender Wednesday.

The appointment suggests that Wang is likely to replace Ren as president after the required procedures are completed. Ren has reached retirement age.

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**Wang Chunying is set to become the new president of the Export-Import Bank of China, succeeding Ren Shengjun.**
**She has extensive experience, holding various roles at the State Administration of Foreign Exchange (SAFE) and contributing to the 2005 yuan reform.**
**The Export-Import Bank focuses on foreign trade, investment, and economic cooperation, with total assets amounting to 6.4 trillion yuan ($901.7 billion).**

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Who’s Who

Export-Import Bank of China: The Export-Import Bank of China (Exim Bank) is the smallest of China's three policy lenders, with 6.4 trillion yuan ($901.7 billion) in assets as of last year. It supports China's foreign trade, investment, and international economic cooperation. Beijing relies on Exim Bank to finance crucial social and economic development projects, such as those in energy and agriculture, despite potentially low profitability.

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What Happened When

By 1992：: Wang Chunying graduated from Jilin University and started working at the State Administration of Foreign Exchange (SAFE).

2020：: Wang Chunying was promoted to deputy chief of the State Administration of Foreign Exchange (SAFE).

2023：: The Export-Import Bank of China had total assets of 6.4 trillion yuan ($901.7 billion) by the end of this year.

2024-08-28：: Wang Chunying was appointed deputy chief of the Export-Import Bank of China’s Communist Party committee, succeeding Ren Shengjun.

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