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11/21/2024 04:44:06 pm

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China Banking System

Guo Shuqing Appointed as New Banking Regulatory Chief.

Former Stock Market Honcho Guo Shuqing is new Banking Regulatory Chief

China on Friday named the former stock market regulator chief Guo Shuqing as the new head of the China Banking Regulatory Commission (CBRC). Guo's appointment is probably intended to send a clear signal to the market about the Chinese government seriousness to overhaul the country's financial system.

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