(Beijing Comprehensive News) Li Yunze, former executive deputy governor of Sichuan Province, who has long worked in the banking system for a long time, was appointed as the secretary of the Party Committee of the State Administration of Finance and Administration of China, becoming the head of China's highest financial regulatory agency.He is also the first post -ministerial -level official in China.
According to the China Banking and Insurance Regulatory Commission on Wednesday (May 10), the State Administration of Finance and Administration of China held a meeting of leading cadres on Wednesday to announce the above news.
China announced the reorganization plan of the State Council in March this year, and will establish the State Administration of Financial Supervision and Administration on the basis of the existing CBRC.In addition to the original functions of banks, insurance, and trust companies under the jurisdiction of the Banking Regulatory Commission, the former central bank's financial company supervision, financial consumer protection duties, and the protection of investors' protection duties in the central bank.
52 -year -old Li Yunze is a native of Yantai, Shandong. He has 25 years of experience in banks and 5 years of financial deputy governor.
Li Yunze spent 23 years in the first 23 years in China Construction Bank.In 2016, he left the position of the president of the CCB Chongqing Branch and the secretary of the party committee, and served as the vice president of the Industrial and Commercial Bank of China and a member of the party committee.In 2018, he was transferred to the deputy governor of Sichuan.In May 2021, he was promoted to the Standing Committee of the Sichuan Provincial Party Committee and Executive Deputy Governor of the Communist Party of China.He is also an alternate member of the 20th Central Committee.
Bloomberg reported that Li Yunze was not a popular candidate for the party committee secretary of the State Administration of Finance and Administration, and his appointment surprised some people.
Report also said that Li Yunze's experience in dealing with risks in large banks and provincial positions can help improve the financial regulatory system, prevent risks, and strongly support the real economy. It may also help solve the long -term debt risk at the local level.
Securities Times stated that the reform of China's financial regulatory agencies is still the most important consideration is to prevent and resolve major financial risks and systemic risks.According to the analysis of the newspaper, Li Yunze returned to the financial system and accurately "demolition" financial risks will be a major challenge.
