Shanghai: China appointed new chairmen for its banking, securities and insurance regulators, completing a widely expected leadership reshuffle triggered by mandatory retirement of senior officials.
The appointments, which included a lateral move by an existing top regulator and the promotion of two influential bankers, also come as Beijing gears up for a milestone political leadership transition next year. Shang Fulin, the former chairman of the China Securities Regulatory Commission, was appointed chairman of the China Banking Regulatory Commission, the official Xinhua News Agency said Saturday, citing a central government spokesperson.
China Banking Regulatory Commission (CBRC). Photo: Bloomberg.
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