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Caixin Global
Caixin Global
Business

China Names Lan Foan to Be New Finance Minister

Lan Foan China Communist Party The Ministry of Finance Liu Kun
Lan Foan

What’s new: China named public finance specialist Lan Foan (蓝佛安) to be its new finance minister, replacing Liu Kun, state broadcaster CCTV reported Tuesday.

The appointment was widely expected after Lan was named Communist Party chief of the Ministry of Finance in late September. He previously served as the party chief of Shanxi province. The 66-year-old Liu’s five-year term expired.

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