Guo Shuqing (; born 23 July 1956), also spelled as Kuo Shu-ching is a Chinese politician, banker, and financial regulator. He is currently serving as the chairman of the
China Banking and Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission (CBIRC) is an agency of the People's Republic of China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's List of countries and depend ...
.
Guo spent most of his career in the finance industry. He formerly served as the Governor and Deputy Party Secretary of
Shandong
Shandong ( , ; ; alternately romanized as Shantung) is a coastal province of the People's Republic of China and is part of the East China region.
Shandong has played a major role in Chinese history since the beginning of Chinese civilizati ...
province, chairman of the
China Securities Regulatory Commission (CSRC), chairman of
China Construction Bank
China Construction Bank Corporation (CCB) is one of the " big four" banks in China. In 2015, CCB was the 2nd largest bank in the world by market capitalization and 6th largest company in the world. The bank has approximately 13,629 domestic branc ...
, chairman of the
State Administration of Foreign Exchange, vice-governor of the
People's Bank of China
The People's Bank of China (officially PBC or informally PBOC; ) is the central bank of the People's Republic of China, responsible for carrying out monetary policy and regulation of financial institutions in mainland China, as determined by ...
and vice-governor of
Guizhou Province
Guizhou (; formerly Kweichow) is a landlocked province in the southwest region of the People's Republic of China. Its capital and largest city is Guiyang, in the center of the province. Guizhou borders the autonomous region of Guangxi to ...
as well as the director of the
State Administration of Foreign Exchange.
Early life and education
Guo Shuqing was born in August 1956 in
Chahar Right Back Banner
Chahar Right Rear Banner (Mongolian language, Mongolian: ; Цахар баруун гарын хойд хошуу; ''Čaqar Baraɣun Ɣarun Qoyitu qosiɣu''; ) is a Banner (Inner Mongolia), banner of Inner Mongolia, People's Republic of China, ...
,
Inner Mongolia
Inner Mongolia, officially the Inner Mongolia Autonomous Region, is an autonomous region of the People's Republic of China. Its border includes most of the length of China's border with the country of Mongolia. Inner Mongolia also accounts for a ...
Autonomous Region, near the city of
Ulanqab
Ulanqab or Ulan Chab (; mn, ''Ulaɣančab qota''; Mongolian cyrillic.Улаанцав хот) is a region administered as a prefecture-level city in south-central Inner Mongolia, China. Its administrative centre is in Jining District, which w ...
. He is of
Han Chinese
The Han Chinese () or Han people (), are an East Asian ethnic group native to China. They constitute the world's largest ethnic group, making up about 18% of the global population and consisting of various subgroups speaking distinctive va ...
background. In August 1974, he joined a farming commune in
Siziwang Banner
Dorbod (Siziwang) Banner ( mn, , , ; ) is a banner (county equivalent) in Ulanqab, Inner Mongolia, China, bordering Mongolia's Dornogovi Province to the northwest. It is located about north of Hohhot, the capital of Inner Mongolia.
The ban ...
, near the regional capital
Hohhot, as a labourer during the
Down to the Countryside Movement
The Up to the Mountains and Down to the Countryside Movement, often known simply as the Down to the Countryside Movement, was a policy instituted in the People's Republic of China between mid 1950s and 1978. As a result of what he perceived to ...
. In 1978, he became part of the first batch of students to return to school after the
Cultural Revolution
The Cultural Revolution, formally known as the Great Proletarian Cultural Revolution, was a sociopolitical movement in the People's Republic of China (PRC) launched by Mao Zedong in 1966, and lasting until his death in 1976. Its stated goal ...
, a period which effectively suspended higher education in China.
He graduated from
Nankai University, one of the country's top universities, in 1982 and then pursued a master's degree at the
Chinese Academy of Social Sciences
The Chinese Academy of Social Sciences (CASS) is a Chinese research institute and think tank. The institution is the premier comprehensive national academic research organization in the People's Republic of China for the study in the fields of ...
.
After graduating he continued to take part in academic research while completing a doctorate in law. During his studies he also worked briefly as a researcher at the State Council office in charge of economic reform; he also took a year-long study abroad trip to
St Antony's College
St Antony's College is one of the constituent colleges of the University of Oxford in England. Founded in 1950 as the result of the gift of French merchant Sir Antonin Besse of Aden, St Antony's specialises in international relations, economic ...
at
Oxford University
Oxford () is a city in England. It is the county town and only city of Oxfordshire. In 2020, its population was estimated at 151,584. It is north-west of London, south-east of Birmingham and north-east of Bristol. The city is home to the ...
.
Career
Beginning in 1988, Guo became a full-time researcher at the State Council, working in various capacities for institutions related to economic restructuring. In March 1996 he became Secretary-General of the state commission in charge of macroeconomic management. In 1998, he was transferred to Guizhou province as Vice Governor.
In 2001, he became director of the
State Administration of Foreign Exchange in addition to Vice Governor of the
People's Bank of China
The People's Bank of China (officially PBC or informally PBOC; ) is the central bank of the People's Republic of China, responsible for carrying out monetary policy and regulation of financial institutions in mainland China, as determined by ...
, the country's
central bank
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union,
and oversees their commercial banking system. In contrast to a commercial bank, a central ba ...
. In 2003 he became chief executive of
Central Huijin Investment Ltd., a full state-owned subsidiary of
China Investment Corporation
China Investment Corporation (CIC) ( Chinese: 中国投资有限责任公司; pinyin: ''zhōngguó tóuzī yǒuxiàn zérèn gōngsī'') is a sovereign wealth fund that manages part of the People's Republic of China's foreign exchange reserves. ...
. In 2005 he became chairman of the board of the
China Construction Bank
China Construction Bank Corporation (CCB) is one of the " big four" banks in China. In 2015, CCB was the 2nd largest bank in the world by market capitalization and 6th largest company in the world. The bank has approximately 13,629 domestic branc ...
, one of China's largest banks by revenue. He served in that role for over six years. In 2011, he took on the job of chairman of the
China Securities Regulatory Commission (CSRC), China's securities regulator.
In March 2013, Guo was tasked with his second regional stint, this time taking on the office of Governor of
Shandong
Shandong ( , ; ; alternately romanized as Shantung) is a coastal province of the People's Republic of China and is part of the East China region.
Shandong has played a major role in Chinese history since the beginning of Chinese civilizati ...
province. In 2017, Guo was named chairman of the
China Banking Regulatory Commission
The China Banking Regulatory Commission (CBRC) was an agency of the People's Republic of China (PRC) authorised by the State Council to regulate the banking sector of the PRC except the territories of Hong Kong and Macau, both of which are spec ...
. In March 2018, he was appointed chairman of the newly established
China Banking and Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission (CBIRC) is an agency of the People's Republic of China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's List of countries and depend ...
.
Guo was an alternate member of the
17th CPC Central Committee, and is a full member of the
18th
18 (eighteen) is the natural number following 17 and preceding 19.
In mathematics
* Eighteen is a composite number, its divisors being 1, 2, 3, 6 and 9. Three of these divisors (3, 6 and 9) add up to 18, hence 18 is a semiperfect number. ...
and
19th Central Committees.
[http://www.chinavitae.org/biography/Guo_Shuqing/bio]
References
{{DEFAULTSORT:Guo, Shuqing
1956 births
Living people
Nankai University alumni
Political office-holders in Guizhou
People's Republic of China politicians from Inner Mongolia
Chinese Communist Party politicians from Inner Mongolia
Governors of Shandong
China Construction Bank people
Alternate members of the 17th Central Committee of the Chinese Communist Party
Members of the 18th Central Committee of the Chinese Communist Party
Members of the 19th Central Committee of the Chinese Communist Party