China Banking Regulator Appoints Vice Chairman

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.