Exclusive: China to name finance veteran Zhu as new forex chief – sources

The building of State Administration of Foreign Exchange (SAFE) is pictured in Beijing, China, January 11, 2017. REUTERS/Jason Lee/File Photo Acquire Licensing Rights BEIJING/HONG KONG, Nov 22 (Reuters) – China is set to appoint Zhu Hexin, a veteran banker and chief of state-run financial conglomerate CITIC Group, as the new head of its foreign exchange regulator, four people familiar with the matter said, amid growing headwinds for the economy and markets. Zhu’s appointment to lead the State Administration of Foreign Exchange (SAFE) is expected to be announced as soon as this week, said one of the sources. Zhu, 55, would…