China Banking Regulator Appoints Vice Chairman

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China’s banking and insurance watchdog has made an internal promotion for the appointment of a new vice-chairman.
Xiao Yuanqi has been promoted to the new role, according to a Caixin report citing unnamed sources.
Xiao was most recently the China Banking and Insurance Regulatory Commission’s (CBIRC) chief risk officer.
In addition to banking supervision experience, Xiao previously worked for Bank of China and the People’s Bank of China. He authors dozens of academic articles and publications while also serving as a part-time professor at Tsinghua University.
Questions & Answers
Q.Who has been appointed as the new vice-chairman of China's banking and insurance watchdog?
Who has been appointed as the new vice-chairman of China's banking and insurance watchdog?
Xiao Yuanqi has been promoted to the role of vice-chairman. He was previously the chief risk officer for the China Banking and Insurance Regulatory Commission (CBIRC).
Q.What is Xiao Yuanqi's professional background before this appointment?
What is Xiao Yuanqi's professional background before this appointment?
Before this promotion, Xiao Yuanqi was the CBIRC's chief risk officer. He also worked for Bank of China and the People's Bank of China, and is a part-time professor at Tsinghua University.
Q.What kind of experience does Xiao Yuanqi bring to his new position?
What kind of experience does Xiao Yuanqi bring to his new position?
Xiao Yuanqi brings banking supervision experience, having worked for key financial institutions and authored numerous academic articles. He also served as the CBIRC's chief risk officer.
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