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China appoints new financial regulators

China appoints new financial regulators
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First Published: Mon, Oct 31 2011. 12 22 AM IST

China Banking Regulatory Commission (CBRC). Photo: Bloomberg.
China Banking Regulatory Commission (CBRC). Photo: Bloomberg.
Updated: Mon, Oct 31 2011. 12 22 AM IST
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.
China Banking Regulatory Commission (CBRC). Photo: Bloomberg.
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.
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First Published: Mon, Oct 31 2011. 12 22 AM IST