The Bank of China (中國銀行) announced yesterday that vice president Zhu Min (朱民) had resigned, amid speculation that he is set to take a senior IMF post.
Zhu, 56, was leaving the state-run bank to join another organization, the lender said in a statement to the Shanghai stock exchange, without elaborating.
“Bank of China Co received the resignation from vice president Zhu Min on October 16. Mr Zhu resigned from the position of vice president because he will transfer to another post,” the bank said.
State media has said Zhu — who would first take up a position at the People’s Bank of China — would be the first Chinese national to hold a major post within the Washington-based fund.
A spokesman for the Bank of China declined to comment on Zhu’s resignation and no one at the IMF was immediately available to comment.
Dow Jones Newswires, citing an unnamed Chinese Communist Party official, reported over the weekend that the Cabinet had approved Zhu’s appointment as a central bank vice governor and that it would be announced soon. The move was aimed at grooming Zhu for the IMF, the report said.
Zhu is a former economist with the World Bank.
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