May 17, 2016 8:49 AM
(AP) - State Treasurer John Chiang says he will begin raising money to run for governor in 2018.
Chiang, a Democrat, announced Tuesday that he's formed a campaign committee for a race that's more than two years away.
Chiang is the son of immigrants from Taiwan and would become California's first Asian governor.
He was elected state treasurer in 2014 after stints as state controller and a member of the Board of Equalization.
He joins a potentially crowded field of Democrats seeking California's highest office.
Lt. Gov. Gavin Newson started banking cash more than a year ago, and former Los Angeles Mayor Antonio Villaraigosa is expected to run. Other potential contenders include former eBay executive and state controller Steve Westly, billionaire climate activist Tom Steyer and current Los Angeles Mayor Eric Garcetti.