PBOC Gov. Zhou Elected to Advisory Body, Could Clear Way for Extended PBOC Term

       By Aaron Back 

    BEIJING--People's Bank of China Governor Zhou Xiaochuan has been appointed to a senior post at a political advisory body, a largely symbolic post that could allow him to extend his term at the helm of the central bank.

    Mr. Zhou was elected Vice Chairman of the Chinese People's Political Consultative Conference on Monday, an advisory body that meets alongside China's legislature, the National People's Congress, the official Xinhua News Agency reported.


    Mr. Zhou's appointment could therefore be seen as a sign that he may continue as governor of the central bank. Mr. Zhou is seen by analysts as a key advocate of market-oriented reforms within the Chinese leadership.

    Write to Aaron Back at aaron.back@dowjones.com