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.

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