Guo Shuqing is the secretary of the party committee of the central bank: intended to c

At 3 pm on March 26, 2018, after returning to Beijing from the G20 Treasury Secretary and the Central Bank President Meeting at the former central bank governor, the People's Bank of China held a meeting of cadres at or above the bureau level, announcing that Guo Shuqing's decision to serve as the party committee secretary of the central bank.

Guo Shuqing is the party secretary of the central bank. He is responsible for personnel, administration, party affairs, and reform. President Yi Gang divides the specific business of the central bank.

This arrangement is to solve two problems: how to solve the coordination of one line and two sessions?How to achieve institutional reform goals?It not only plays a coordination, but also does not hurt the bones.The effect needs to be observed, in short, it is very novel.An industry from the central bank commented.

Previously, on March 21, Guo Shuqing had served as the heavy responsibility of the chairman and party committee secretary of the CBRC, while Yi Gang swore the position of the central bank's governor at the two sessions on March 19.On March 13, the reform plan of the State Council was released.In terms of financial supervision, the CBRC and the Insurance Regulatory Commission will no longer exist to form the Bank of China Insurance Supervision and Administration (hereinafter referred to as the China Banking Regulatory Commission); the important legislative and prudent regulations of the CBRC and the Insurance Regulatory Commission are transferred to the central bank.This institutional reform plan has been reviewed and approved by the National People's Congress on March 17.

At the meeting on March 26, the relevant leaders of the Central Organization Department fully affirmed and thanked Zhou Xiaochuan's outstanding contribution to the central bank in the past 15 years.Wait, the president Yi Gang divides the central bank's specific business.

Because Guo Shuqing served as the party committee secretary and chairman of the first CBRC after the withdrawal of the CBRC and the Insurance Regulatory Commission, it was responsible for the orderly promoting the work of the establishment of a new institution.Do a good job of transferring related functions, arrange the heavy responsibility of cadres according to actual work, and arrange cadres such as cadres. At the same time, you cannot relax the supervision of the Banking System. Therefore, this time it is announced that he will also be the member of the Standing Committee of the Central Bank at the same time, and there are still some accidents in the outside world.

This arrangement is to solve two problems: how to solve the coordination of one line and two sessions?How to achieve institutional reform goals?It not only plays a coordination, but also does not hurt the bones.The effect needs to be observed, in short, it is very novel.An industry from the central bank commented.

The intention of this arrangement is that from the personnel arrangement, the relationship between the central bank and the CBRC has grasped the overall grasp of systematically without systemic financial risks.The Ministry of Personnel fully reflects the intention of the State Council's reform of this financial regulatory agency: strengthen comprehensive supervision, optimize the allocation of regulatory resources, and better coordinate the supervision of financial institutions in systemic importance.

There has always been an run -in problem between the central bank and the CBRC, and this is actually the biggest uncoordinated place in China's financial supervision.In 2003, the central bank situation under the central bank of monetary policy formulation, macro -regulation, and bank supervision has undergone fundamental changes. The bank supervision functions are separated from the central bank, and the newly established CBRC is special.However, the coordination problem between the central bank and the CBRC is always a problem.

The People's Bank of China revised in 2003 has incorporated the establishment of a financial supervision and management coordination mechanism into it.However, since then, the Three Association CBRC, the Securities and Futures Commission, and the CIRC signed a memorandum of cooperation in the division of labor in financial supervision, and held two joint supervision joint meetings, but the central bank never participated.In August 2013, for the first time, the State Council clearly established the system of joint conferences led by the People's Bank of China.However, the joint meetings do not engraved the seal, and it is not formal.Coordinating monetary policy and financial supervision with inter -ministerial joint meetings, this mechanism itself is fragile.The coordination between departments has a problem of division of power and responsibility.It is often coordinated to the end, because the power and responsibility cannot be accurately divided into various institutions, resulting in regulatory vacuum.A senior regulator summarizes this.

After the four trillion credit in 2008, the banking industry expanded quickly with the flood of shadow banks, and the risks were heavy.In this context, the central bank and the CBRC have become increasingly increasing, and coordination is increasing. All kinds of frictions are endless.

Caixin reporter learned that after Guo Shuqing arrived at the CBRC at the end of February 2017, his coordination with the central bank had greatly strengthened. For example, the new rules of asset management drafted by the central bank received a lot of research support from the CBRC.The report of the 19th National Congress of the Communist Party of China will include the improvement of the two -pillar regulation framework of monetary policy and macro -prudential policy. The reform of the financial system has transferred the important legislative rights and foundation of the banking and insurance industry to the central bank.Regulation.Since 2001, Guo Shuqing has been the vice president of the central bank for four years and has also served as the director of the Foreign Exchange Administration.

Some senior observers have pointed out that the central bank has a fuzzy issue with the division of labor and collaboration with the CBRC in terms of credit policy. Since then, it still needs to be revised to provide clear legal relationships and legal support for the establishment and implementation of credit policies;At the same time, it is necessary to supplement and improve the regulations of financial statistics to achieve information sharing.

According to a reporter from Caixin, the expectations of the personnel arrangement of this personnel in the central bank are: First, the institutional reform and reform measures are implemented as soon as possible, such as the establishment of the office of the Financial Commission and the clear authority and responsibilities, personnel allocation and effective performance; if the central bank is responsible for the banking industry, The formulation of the laws and regulations of the insurance industry and how to change the basic system of prudent supervision to the ground need to be promoted as soon as possible.The second is to promote the reform of the central bank's provincial management system in an orderly manner as soon as possible.The third is to solve cadres and personnel problems, how to promote reform and maintain stability.The fourth is to enrich the responsibilities of the central bank, mainly to strengthen the macro -prudential policy responsibilities, highlight the general role of central banks in systemic risk prevention and control, improve the two -pillar regulation framework for monetary policy and macro -prudential policy.Fifth, coordinate monetary policy, macro -prudential and micro -prudential supervision, and effectively prevent financial risks.In short, not only further promoting reforms, but also stable.It's keywords.

Attachment: Guo Shuqing Resume

Guo Shuqing, male, born in August 1956, Han nationality, Inner Mongolia Chadouqi Banner, graduate degree, graduated from the Marxism -Lenin University of the Graduate School of the Chinese Academy of Social Sciences, a doctorate degree in science and socialism.He joined the work in August 1974 and joined the Communist Party of China in April 1984.

1974.08 Inner Mongolia Autonomous Region Sizi Wangqi Red Geer Commune cut line

1978.03 The Department of Philosophy of the Department of Philosophy of Nankai University

1982.02 Graduate School of Science and Socialism of the Graduate School of the Chinese Academy of Social Sciences

1985.02 Assistant researcher at the Institute of Marxism of the Chinese Academy of Social Sciences (during the period: 1985.02-1988.07 The Graduate School of the Chinese Academy of Social Sciences, the Majian College of Science and Socialism, was a doctoral degree in law.Go to Oxford University in the UK for visit research)

1988.09 Deputy Leader (Deputy Division)

1993.04 Comprehensive Planning and Pilot Director of the National Economic System Reform Commission

1995.09 Director of the Macro -control System of the National Economic System Reform Commission

1996.02 Member of the Party Group of the National Economic System Reform Commission, Secretary -General and Deputy Secretary of the Party Committee of the Organization

1998.03 Member and Deputy Secretary of the Party Committee of the State Council Economic System Reform Office

1998.07 Vice Governor of Guizhou Province

2001.03 Vice President of the People's Bank of China, member of the party committee, director of the State Administration of Foreign Exchange, and secretary of the party group (during this: 2004.032004.04 Study in Class A at the Provincial and Ministerial -level Cadres of the Central Party School)

2005.03 Chairman of China Construction Bank and secretary of the party committee, secretary of the Party Committee of China Cinda Asset Management Company, Secretary of the Party Committee of China Construction Bank Investment Co., Ltd.

2009.01 Chairman of China Construction Bank and Secretary of the Party Committee, Secretary of the Party Committee of China Xinda Asset Management Company

2010.07 Chairman of China Construction Bank and Secretary of the Party Committee

2011.10 Chairman of the China Securities Supervision and Administration Commission and Secretary of the Party Committee

2013.03 Deputy Secretary of the Shandong Provincial Party Committee of the Communist Party of China, Deputy Governor of the Provincial Government, Agent Governor, Party Secretary

2013.06 Deputy Secretary of the Shandong Provincial Party Committee of the Communist Party of China, Governor of the Provincial Government and Secretary of the Party Group

2017.02 Governor of Shandong Provincial Government, Secretary of the Party Group, Chairman of the China Banking Supervision and Administration Commission

2017.03 Chairman of the China Banking Industry Supervision and Administration Commission

The 17th Central Committee members, members of the 18th Central Committee, representatives of the 16th, 17th, and 18th National Congress of the Communist Party of China, representatives of the 12th National People's Congress, and members of the 10th National Committee of the Chinese People's Political Consultative Conference.(Source: Caixin.com)