Pronunciation: Guo Shuqing (pronunciation: Gwoh Shoo-ching)
Title: CCP Central Committee Member; Party Secretary, China Banking and Insurance Regulatory Commission Party Leadership Group; Director, China Banking and Insurance Regulatory Commission; Party Secretary, People’s Bank of China Party Committee
Salutation: Director Guo
Guo Shuqing was named director and party secretary of the newly formed China Banking and Insurance Regulatory Commission (CBIRC) in March 2018. This newly formed body combines China’s previously separate banking and insurance regulators, and is expected to focus on enforcement. Guo was also named party secretary of the People’s Bank of China (PBOC) Party Committee the same month, making him the top decision-maker at China’s central bank, and allowing for better policy coordination between PBOC and the new CBIRC. Guo previously served as the chairman of the China Banking Regulatory Commission (CBRC) since 2017, and is widely regarded as a reformer.
Born in 1956, Guo received a doctorate in law majoring in scientific socialism from the Marxism and Leninism Department of the Chinese Academy of Social Sciences in 1988. He began his career as a researcher in State Council committees related to economic restructuring, and in 1998 was transferred to Guizhou Province to serve as a vice governor. In 2001, Guo became the director of the State Administration of Foreign Exchange and a vice governor of the PBOC. In 2003, he forrayed into state-owned industries, taking a position as CEO of a state-owned investment firm and then becoming chairman of the board of the China Construction Bank in 2005. In 2011, Guo became chairman of the China Securities Regulatory Commission. Guo returned to regional public administration as governor of Shandong Province in 2013, before becoming the chairman of CBRC in 2017.