China appoints Li Yunze to head new financial regulator


Chinese authorities have appointed banking veteran Li Yunze as head of its new financial regulator.

Li, 52, has been appointed party secretary of the newly formed National Financial Regulatory Administration (NFRA), the China Banking and Insurance Regulatory Commission (CBIRC) said today (May 10). Li is currently vice-governor of Sichuan province.

Beijing set up the NFRA during its annual parliamentary meeting in March, as part of an overhaul of its financial regulatory system and other

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