The People’s Bank of China (PBoC) has reshuffled its monetary policy committee, making four replacements, it announced on March 19.

Wu Qing, who was named the head of the China Securities Regulatory Commission (CSRC) last month, replaced his predecessor Yi Huiman on the 14-member committee, the PBoC said in a statement.

PBoC deputy governor Xuan Changneng also joined the committee, replacing former deputy governor Liu Guoqiang, who stepped down in December last year. Xuan was appointed as a deputy