SHANGHAI (MarketWatch) -- Fred Hu, an investment banker with Goldman Sachs Group Inc. /quotes/comstock/13*!gs/quotes/nls/gs
(GS
172.59,
-2.31,
-1.32%)

is likely to take up a senior post at China's central bank after
formally stepping down from the Wall Street firm in April, the
state-run China Daily said Friday, citing people familiar with the
matter.

Hu, Goldman Sachs' Greater China chairman, is seen as the right candidate for the post of vice-governor of the People's Bank of China,
the paper said, without citing sources.

Policy makers are also evaluating Hu as a candidate for a crucial position at one of the country's state-run lenders, the paper cited the
sources as saying.

Hu's appointment is still under final review by top policy makers, and
a decision will be made in the next few months, the sources said,
according to the report.

http://www.marketwatch.com/story/goldman-sachs-hu-may-join-china-ce...