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The Three Big Financial Regulators Are Changing &Nbsp, And China'S Financial Defends Are Far From Official.

2011/10/30 20:40:00 23

Financial Regulators Change For Battle

29, the three largest in China

financial regulation

The institutions change their ranks.

Shang Fulin

Took office as chairman of the China Banking Regulatory Commission and Secretary of the Party committee.

Guo Shu Qing

He is chairman of the China Securities Regulatory Commission and Secretary of the Party committee.

Xiang Jun Bo

He is the chairman of the CIRC and Secretary of the Party committee.


Before that, in August 28th, Liu Mingkang welcomed his 65 year old birthday, which is the retirement age of Chinese ministerial officials.


As the first head of the China Banking Regulatory Commission, the reform of state-owned banking led by Liu Mingkang during the tenure of office has laid a solid foundation for China's banking industry to survive in the global financial crisis in 2009.

At the end of 3 2011, the total amount of foreign currency assets in China's banking sector was 101 trillion and 200 billion yuan, 3.67 times that of the Banking Regulatory Commission.


Liu Mingkang, the former chairman of the China Securities Regulatory Commission, is Shang Fulin.

During the steering committee of the securities and Futures Commission, Shang Fulin made a profound change in China's securities market through the implementation of the split share structure reform and new stock market pricing, issuing small and medium sized boards and gem and stock index futures in China's stock market.

Its performance in the CBRC is worth looking forward to.


Public opinion was not unexpected when Guo Shuqing took over as chairman of the SFC. During the period when he was appointed chairman of China Construction Bank, the market value of the scholar official rose to second in the world.

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As another protagonist of the current round of personnel changes, Wu Dingfu, the former chairman of the China Insurance Regulatory Commission, who was 65 years old in July, worked for 9 years, and to a certain extent, completed the goal of "making China's insurance industry bigger and stronger" when he was in command.

In 2010, China's premium income reached 1 trillion and 450 billion yuan, and the total assets of the insurance industry amounted to 5 trillion and 50 billion yuan. China has become the most important emerging insurance country in the world. The main body of the market is growing rapidly, the market system is more perfect, and the insurance companies are growing rapidly.

Total profit

From less than 100 million yuan at the end of 2005 to 57 billion 670 million yuan at the end of 2010.


Xiang Junbo, who took over Wu Dingfu, was called "the best of both cultures and martial arts" for its excellent screenwriters who fought the Laoshan front and won the first prize of the "flying Apsaras". Not only that, Xiang Junbo, as the chairman of the third largest banks in China, had led the agricultural Bank of China to share the stock market in 2009 and 2010, and completed the final and final task of the four major state-owned banks in China.

Prior to that, he served as vice governor of the people's Bank of China. He had worked in the Audit Office for 10 years earlier.


Compared with the financial situation in Europe and the United States, the leaders of China's three leading financial supervisory departments have changed the old and new in a relatively stable environment.

At the same time, both of them have doctoral degrees and academic degrees, and are academics financial officials with actual combat experience.

People have also noticed that at present, the domestic and international environment for China's economic development is still very complex, unstable and uncertain.


Today's executive meeting of the State Council once again stressed the need to maintain a reasonable growth in the total amount of money and credit, optimize the financing structure and raise the level of financial services.

In other words, the new leadership of the three major financial regulators will face many challenges such as maintaining stability in the financial system, preventing external financial shocks, and resolving local debt crises.

China's financial battle is far from being closed.

We look forward to making further progress with the efforts of the three new leaders.


 
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