BEIJING :China's Communist Party appointed Li Yunze, vice governor of Sichuan province, as the party chief of its new financial regulator, the China Banking and Insurance Regulatory Commission (CBIRC) said on its official WeChat account on Wednesday. Reuters had reported earlier that Li would be named as the
BEIJING :China's Communist Party appointed Li Yunze, vice governor of Sichuan province, as the party chief of its new financial regulator, the China Banking and Insurance Regulatory Commission said on its official WeChat account on Wednesday.
The NFRA is a new government body under the State Council tasked with consolidating supervision over the multi-trillion dollar financial industry. Li is a native of Yantai city in Shandong province. He majored in Management Engineering of Capital Construction and Basics of Marxism at Tianjin University from 1989 to 1993.
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