Guo Shuqing (; born 23 July 1956) is a Chinese politician, banker, and financial regulator. He is the chairman of the

China Banking and Insurance Regulatory Commission The China Banking and Insurance Regulatory Commission (CBIRC) was an agency of the State Council of China authorised to * Supervise the establishment and ongoing business activities of banking and insurance institutions. * Take enforcement action ...

. Guo spent most of his career in the finance industry. He was the Governor and Deputy Party Secretary of

Shandong Shandong is a coastal Provinces of China, province in East China. Shandong has played a major role in Chinese history since the beginning of Chinese civilization along the lower reaches of the Yellow River. It has served as a pivotal cultural ...

province, chairman of the

China Securities Regulatory Commission The China Securities Regulatory Commission (CSRC) is a government agency directly under the State Council of the People's Republic of China. It is the main regulator of the securities industry in China. History Indicative of the role of the C ...

(CSRC), chairman of

China Construction Bank The China Construction Bank Corporation (CCB) is a Chinese partially state-owned Multinational corporation, multinational banking and financial services corporation headquartered in Beijing, Beijing, China. It is one of the "Big four banks, big ...

, chairman of the

State Administration of Foreign Exchange The State Administration of Foreign Exchange (SAFE) of the People's Republic of China is an administrative agency under the State Council tasked with drafting rules and regulations governing foreign exchange market activities, and managing the ...

, vice-governor of the

People's Bank of China The People's Bank of China (officially PBC and unofficially PBOC) is the central bank of the People's Republic of China. It is responsible for carrying out monetary policy as determined by the ''PRC People's Bank Law'' and the ''PRC Commercia ...

and vice-governor of

Guizhou Province ) , image_skyline = , image_caption = , image_map = Guizhou in China (+all claims hatched).svg , mapsize = 275px , map_alt = Map showing the location of Guizhou Province , map_caption = Map s ...

as well as the director of the

Early life and education

Guo Shuqing was born in August 1956 in

Chahar Right Back Banner Chahar Right Rear Banner (Mongolian language, Mongolian: ; zh, s=察哈尔右翼后旗) is a Banner (Inner Mongolia), banner of Inner Mongolia, China, bordering Shangdu County to the northeast, Xinghe County to the southeast, Qahar Right Front B ...

Inner Mongolia Inner Mongolia, officially the Inner Mongolia Autonomous Region, is an Autonomous regions of China, autonomous region of China. Its border includes two-thirds of the length of China's China–Mongolia border, border with the country of Mongolia. ...

Autonomous Region, near the city of

Ulanqab Ulanqab or Ulan Chab ( zh, s=乌兰察布, p=Wūlánchábù; ''Ulaɣančab qota-means in Mongolian Ulaan-red, Tsab/tsav is-hills''; Mongolian Cyrillic: Улаанцав хот) is a region administered as a prefecture-level city in south-centr ...

. He is of

Han Chinese The Han Chinese, alternatively the Han people, are an East Asian people, East Asian ethnic group native to Greater China. With a global population of over 1.4 billion, the Han Chinese are the list of contemporary ethnic groups, world's la ...

background. In August 1974, he joined a farming commune in

Siziwang Banner Dorbod Banner or Siziwang Banner (; zh, c=四子王旗) is a Banner (Inner Mongolia), banner (County (People's Republic of China), county equivalent) in Ulanqab, Inner Mongolia, China, bordering Mongolia's Dornogovi Province to the northwest. It ...

, near the regional capital

Hohhot Hohhot,; abbreviated zh, c=呼市, p=Hūshì, labels=no formerly known as Kweisui, is the Capital (political), capital of Inner Mongolia in the North China, north of the China, People's Republic of China, serving as the region's administrativ ...

, as a laborer during the

Down to the Countryside Movement The Up to the Mountains and Down to the Countryside Movement, often known simply as the Down to the Countryside Movement, was a policy instituted in the China, People's Republic of China between the mid-1950s and 1978. As a result of what he p ...

. In 1978, he became part of the first batch of students to return to school after the

Cultural Revolution The Cultural Revolution, formally known as the Great Proletarian Cultural Revolution, was a Social movement, sociopolitical movement in the China, People's Republic of China (PRC). It was launched by Mao Zedong in 1966 and lasted until his de ...

, a period which effectively suspended higher education in China. He graduated from

Nankai University Nankai University is a public university in Tianjin, China. It is affiliated with the Ministry of Education of China. The university is part of Project 211, Project 985, and the Double First-Class Construction. Nankai University was establ ...

, one of the country's top universities, in 1982 and then pursued a master's degree at the

Chinese Academy of Social Sciences The Chinese Academy of Social Sciences (CASS) is a Chinese state research institute and think tank. It is a ministry-level institution under the State Council of the People's Republic of China. The CASS is the highest academic institution and c ...

. After graduating he continued to take part in academic research while completing a doctorate in law. During his studies he also worked briefly as a researcher at the State Council office in charge of economic reform; he also took a year-long study abroad trip to

St Antony's College St Antony's College is a colleges of the University of Oxford, constituent college of the University of Oxford in England. Founded in 1950 as the result of the gift of French merchant Sir Antonin Besse of Aden, St Antony's specialises in intern ...

Oxford University The University of Oxford is a collegiate research university in Oxford, England. There is evidence of teaching as early as 1096, making it the oldest university in the English-speaking world and the second-oldest continuously operating u ...

Career

Beginning in 1988, Guo became a full-time researcher at the State Council, working in various capacities for institutions related to economic restructuring. In March 1996 he became Secretary-General of the state commission in charge of macroeconomic management. In 1998, he was transferred to Guizhou province as Vice Governor. In 2001, he became director of the

in addition to Vice Governor of the

, the country's

central bank A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the mo ...

. In 2003 he became chief executive of Central Huijin Investment Ltd., a full state-owned subsidiary of

China Investment Corporation China Investment Corporation (CIC) is a sovereign wealth fund that manages part of China's foreign exchange reserves. China's largest sovereign fund, CIC was established in 2007 with about US$200 billion of assets under management. In Mar ...

. In 2005 he became chairman of the board of the

, one of China's largest banks by revenue. He served in that role for over six years. In 2011, he took on the job of chairman of the

(CSRC), China's securities regulator. In March 2013, Guo was tasked with his second regional stint, this time taking on the office of

Governor of Shandong The governor of Shandong, officially the Governor of the Shandong Provincial People's Government, is the head of the Shandong Provincial People's Government. The governor generally serves as the deputy secretary of the Shandong Provincial Committe ...

. In 2017, Guo was named chairman of the

China Banking Regulatory Commission The China Banking Regulatory Commission (CBRC) was an agency of the People's Republic of China (PRC) authorised by the State Council of the People's Republic of China, State Council to regulate the Chinese banking sector, banking sector of the P ...

. In March 2018, he was appointed chairman of the newly established

. Guo was an alternate of the

17th Central Committee of the Chinese Communist Party The 17th Central Committee of the Chinese Communist Party was elected by the 17th National Congress of the Chinese Communist Party, 17th Congress on 21 October 2007, and sat until the 18th National Congress of the Chinese Communist Party, 18th Nat ...

, and is a full member of the 18th and 19th Central Committees.

References

{{DEFAULTSORT:Guo, Shuqing 1956 births Living people Nankai University alumni Political office-holders in Guizhou People's Republic of China politicians from Inner Mongolia Chinese Communist Party politicians from Inner Mongolia Governors of Shandong Chairmen of the China Securities Regulatory Commission China Construction Bank people Alternates of the 17th Central Committee of the Chinese Communist Party Members of the 18th Central Committee of the Chinese Communist Party Members of the 19th Central Committee of the Chinese Communist Party