Asia Times: China summons reformer to tackle banking woes

Guo Shuqing, who is stepping down as governor of Shandong province to take control of China’s banking regulator, returns to Beijing at a decisive moment for the country’s financial system following years of breakneck economic growth.

The immediate challenge for the new chairman of the China Banking Regulatory Commission (CRBC) is formidable – Guo must vigorously address troubled lending in the country’s 232 trillion yuan (US$34 trillion) banking sector and implement tougher measures to control lightly regulated shadow banking activities.

The full article is available here.

Related Posts

Previous Post
EBA Publishes Results Of The CRDIV-CRR/Basel III Monitoring Exercise As Of End June 2016
Next Post
SETL opens Paris office for eurozone access

Fill out this field
Fill out this field
Please enter a valid email address.

X

Reset password

Create an account