China appoints new securities regulator
Updated: 2011-10-29 22:45
China Construction Bank Chairman Guo Shuqing speaks during a news conference in Hong Kong in this March 29, 2010 file photo.
Guo Shuqing, former board chairman of the China Construction Bank (CCB) and a former head of the State Administration of Foreign Exchange, has replaced Shang as chairman of CSRC.
In addition, Xiang Junbo, former board chairman of the Agricultural Bank of China (ABC), has been appointed as chairman of China Insurance Regulatory Commission.
Both the CCB and the ABC are China's leading state-owned banks.
According to the spokesman, the new top regulators have also been appointed as secretary of the CPC committee of those agencies they are going to serve.