Stanford-educated Fang to be vice-chairman at China securities regulator
[SHANGHAI] Fang Xinghai, a financial industry veteran with a doctorate degree in Economics from Stanford University, will soon be appointed deputy chairman of the China Securities Regulatory Commission (CSRC), China's Caixin reported on its website, citing unidentified sources.
Mr Fang currently works at a government body that helps lead and supervises economic work for China's State Council, or cabinet. He will replace departing Liu Xinhua, who has reached retirement age, Caixin said.
Mr Fang has both domestic and overseas educational background, having studied at Tsinghua University and Stanford.
He also has experience in financial institutions and government agencies, having had stints at the World Bank, China Construction Bank, Galaxy Securities, the Shanghai Stock Exchange and the Shanghai Financial Services Office.
Mr Fang didn't pick up calls seeking comment. CSRC could not be immediately reached for comment.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
Barclays is the latest firm to face anti-ESG wrath in Oklahoma
Barclays prices mortgage-backed notes in deal with GoldenTree
TD risks an earnings hit from US laundering probe, analysts say
BNP weighing up to 150 job cuts in Geneva to slash costs