People’s Bank of China (PBOC) vice governor Wu Xiaoling stepped down from her post on Thursday, Shanghai Securities News reported (in Chinese). Wu’s resignation, which according to the central bank was due to her age, is unrelated to Ma Delun’s replacement of PBOC vice governor Xiang Junbo, also announced this week. During her tenure Wu was known as a strong advocate of exchange rate reform, private equity and developing the small-credit market. Wu made Forbes‘s list of the world’s most influential females in 2006 and 2007.
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