(Yicai) March 27 -- Tao Ling has become the second person born in the 1970s after Lu Lei to have been named deputy governor of the People’s Bank of China.

The State Council, China’s cabinet, today appointed Tao as vice governor of the PBOC. Tao is the only female member of the central bank’s leadership team.

The PBOC has one governor, Pan Gongsheng, and five deputy governors: Tao, Lu, Zhu Hexin, Zhang Qingsong, and Yi Changneng.

Tao, 52, had served as the director of the secretary bureau at the general office of the Financial Stability and Development Committee under the State Council since 2019. Before that, she was the deputy director of the Financial Stability Bureau of the PBOC.

Established in 2017, the FSDC is a leading organization to strengthen financial regulation. It was merged into the newly established Central Financial Commission last September.

In 2021, Tao published a paper in Central Bank Research, an academic journal affiliated with the PBOC, about how China should strengthen communication and coordination between central and local authorities in financial regulation to prevent local governments from neglecting financial risk prevention and investor protection while pursuing regional economic development.

Lu, born in 1970, was transferred to the current position last December after serving as deputy director of the State Administration of Foreign Exchange.

Editors: Dou Shicong, Futura Costaglione