Sources: China said to name Guo Shuqing as head of banking regulator - BBG

Dhwani Mehta FXStreet

Bloomberg quoting sources familiar with the matter, China has appointed financial-sector expert Guo Shuqing as the new head of the nation’s banking regulator - China Banking Regulatory Commission (CBRC).

Guo’s appointment comes as the CBRC, together with the central bank, and the securities and insurance regulators, work together to beat back growing risks from China’s massive shadow-banking sector, Bloomberg adds.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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