US-educated Yi Gang, a reform-minded deputy governor of the People's Bank of China, was nominated today to take over the reins of the central bank.
Yi, who taught at Indiana University before returning to China, was the only nominee for the governor post ahead of a vote by the rubber-stamp National People's Congress later today.
Another American-educated official, President Xi Jinping's top economic adviser Liu He, was nominated for a position as vice premier.
Both men speak fluent English and have pushed for economic reforms.
While at the PBOC, Yi called for further internationalisation of China's currency and greater market access for foreign investors.
At a press conference earlier in the annual parliamentary session, Yi said the central bank would work to push through reforms that will bring about "equal treatment for domestic and foreign investors."