CHINA TOPIX

11/21/2024 04:20:09 pm

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Guo Shuqing

China's new Banking Regulator Chief Promises Big Reforms.

China’s new Banking Regulator Chief Promises big Reforms

China's newly appointed banking regulator Guo Shuqing has lived up to his reputation of being a hardcore "reformist" in the first week on the job. Barely two days into his new position as chairman of the China Banking Regulatory Commission (CBRC), Guo has promised to introduce a slew of reforms to revitalize China's debt-ridden banking sector.

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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