Guo Shuqing appointed as head of China's banking regulator

Updated 2017-02-24 14:24:26 CGTN

Guo Shuqing, the governor of China's eastern Shandong province, has been appointed as the new head of the country's banking regulator, Chinese business daily 21st Century Business Herald reported on Friday.

Guo will be replacing Shang Fulin as the Chairman of the China Banking Regulatory Commission (CBRC).

A former chairman of China's stock market regulator, the China Securities Regulatory Commission (CSRC), Guo, 60, is one of the country's most experienced financial services professionals and regulators.

At a high-level CBRC meeting on Friday, Guo pointed out that the top eight risks in the financial sector were also reflected in the banking system, the 21st Century Business Herald said. These included non-performing asset risk, liquidity risk, bond default risk, shadow bank risk, external shock risk, real estate bubble risk, government debt risk and Internet financial risk.

Shang Fulin had been the chairman of CBRC since October 2011. After stepping down, he was expected to take a position on the Committee for Economic Affairs in the National Committee of the Chinese People's Political Consultative Conference.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58August 24 2017 11:09:13

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16August 24 2017 11:09:13

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18August 24 2017 11:09:13

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords