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The
party's Central Organization Department announced the decision
at a meeting on Saturday afternoon, the People's Bank of China (PBOC)
said in a statement on its website.
The Journal reported hours earlier that Pan, chosen for his
international background, would be named to the party post
before being appointed by the government to head the PBOC.
The PBOC did not immediately respond to a Reuters fax seeking
comment on Saturday.
The appointment of Pan, who turns 60 this month, comes as
expectations rise for the authorities to take steps to boost the
world's second-largest economy, where slowdown is deepening and
spreading as a burst of activity after strict COVID-19 controls
fades.
The central bank said on Friday it would implement prudent
monetary policy in a "precise and forceful manner" to support
economic growth and employment.
Pan has deep experience with Chinese banks and policy. He has
been the deputy governor of the PBOC since 2012, according to
SAFE's website.
The current governor, Yi Gang, has been widely expected to
retire since being left off the ruling Communist Party's Central
Committee during the party's once-in-five-years congress in
October.
(Reporting by Gokul Pisharody and Bharat Govind Gautam in
Bengaluru; Editing by Simon Cameron-Moore and William Mallard)
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