Subject of market concern three financial watchdog group for handsome finally has the final answer, Shang Fulin, Chairman of the China Banking Regulatory Commission, Communist Party Secretary, Guo Shuqing, Secretary of the President of the China Securities Regulatory Commission, and Xiang Junbo was President and Party Secretary of the China insurance regulatory Commission.

　　This three-for-cool mainly because of the China Banking Regulatory Commission and China insurance regulatory Commission Chairman Liu mingkang, Chairman Wu dingfu has reached the official retirement age of 65.

　　The original SFC Chairman Shang Fulin, took over 60 years old this year transferred to banking regulatory Commission Chairman Liu mingkang, aged 65, who reached the retirement age. In August this year, Liu mingkang, that is 65 years of age. As of this year, he was first President of the China Banking Regulatory Commission has been working on location for eight years. During this period, he as an important participation in China’s banking reform and enabler, along with Central Bank Governor Zhou xiaochuan, Heli-led since 2003, one of the most significant reform: State-owned banking reform; in the unremitting efforts of the China Banking Regulatory Commission, by 2010 with the diameter of the banking sector bad loan ratio down to 1.2% delegates These eight years, is considered a “technical bankruptcy” China’s banking industry, and completed stock reform, listing, rank among the world’s largest banks in the market value sequences, established a more likely higher than contemporary Western financial supervision system requirements of capital, risk regulatory framework.

　　54 years old this year, Chairman of the China Agricultural Bank of Xiang Junbo succeed Wu dingfu as the post of Chairman of the China insurance regulatory Commission, which is 65 years old, has reached the mandatory retirement age. Wu dingfu and take the China insurance regulatory Commission nine years make many contributions to development of the insurance industry, as captains of the insurance industry, Wu dingfu capital problem first solved several major companies. End of 2003, the PICC property casualty, China life insurance has listed, ping an, China Pacific followed. Supplementary capital of China’s insurance industry, entered a new period of expansion. Wu dingfu term, adopted amendments to the Insurance Act and the Insurance Act, constantly expanding insurance funds investment channels, current insurance has become an important capital market institutions investors, capital market plays an important role. As of the first half of this year, total assets of the insurance industry amounted to $ 5.75 trillion, there are 7 insurance companies more than hundreds of billions in assets, more than 500 billion, more than 2 trillion; influence in financial markets and international insurance markets and competitiveness increasing.

　　Reporters noted last night, three official website is the new Chairman has been updated. Three achievements in their respective fields in the original and have a lot of people, three huiqi snap general election this time, the market may change with new expectations on the financial sector. In a line of three, only the Central Bank Governor Zhou xiaochuan to remain intact. And the China Banking Regulatory Commission and China insurance regulatory Commission Chairman Liu mingkang, Chairman Wu dingfu has officially left office.

　　Helm nearly a nine-year term of the SFC’s longest

　　As China’s capital market fifth Vice Chairman of the SFC, Shang Fulin, since the end of 2002 as Chairman of the SFC to retire, has been almost 9 years. Become among the longest of the five of the Chairman of the SFC.

　　”Smart, steady, unassuming” is the evaluation of the industry on Shang Fulin, but during the construction of multi-level capital market, Shang Fulin has acted as a bold “vanguard of reform”. In the course of his post of Chairman of the SFC, successfully launched a share-trading reform, small, gem, stock index futures, margin trading, start a new round of new stock issue reform, focusing on improving inquiry and purchasing mechanism, optimize online issuing system arrangements, importance to the participation of small and medium-sized investors will to enhance risk revealing.

　　Shang Fulin, neither “onshoring” background, and no domestic famous university qualifications, Beijing Institute after graduation in 1982, Shang Fulin, entering peoples Bank, aged 31, after 20 years he was a step at a time, completed a wave from a staff from the General to the Governor of the State-owned bank, Chairman of the SFC, and then to the President of the China Banking Regulatory Commission “slow cattle market”.

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