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.
Guo spent most of his career in the finance industry. He formerly served as the Governor and Deputy Party Secretary of
Shandong
Shandong ( , ; ; Chinese postal romanization, alternately romanized as Shantung) is a coastal Provinces of China, province of the China, People's Republic of China and is part of the East China region.
Shandong has played a major role in His ...
province, chairman of the
China Securities Regulatory Commission
The China Securities Regulatory Commission (CSRC) is a government ministry of the State Council of the People's Republic of China (PRC). It is the main regulator of the securities industry in China.
History
China's first Securities Law was ...
(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
The State Administration of Foreign Exchange (SAFE) of the People's Republic of China is an administrative agency under the State Council tasked with drafting rules and regulations governing foreign exchange market activities, and managing the ...
, vice-governor of the
People's Bank of China and vice-governor of
Guizhou Province as well as the director of the
State Administration of Foreign Exchange
The State Administration of Foreign Exchange (SAFE) of the People's Republic of China is an administrative agency under the State Council tasked with drafting rules and regulations governing foreign exchange market activities, and managing the ...
.
Early life and education
Guo Shuqing was born in August 1956 in
Chahar Right Back Banner
Chahar Right Rear Banner ( Mongolian: ; Цахар баруун гарын хойд хошуу; ''Čaqar Baraɣun Ɣarun Qoyitu qosiɣu''; ) is a banner of Inner Mongolia, People's Republic of China, bordering Shangdu County to the northeast, ...
,
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. 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 v ...
background. In August 1974, he joined a farming commune in
Siziwang Banner, near the regional capital
Hohhot
Hohhot,; abbreviated zh, c=呼市, p=Hūshì, labels=no formerly known as Kweisui, is the capital of Inner Mongolia in the north of the People's Republic of China, serving as the region's administrative, economic and cultural center.''The N ...
, as a labourer during the
Down to the Countryside Movement. 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 goa ...
, a period which effectively suspended higher education in China.
He graduated from
Nankai University
Nankai University (NKU or Nankai; ) is a national public research university located in Tianjin, China. It is a prestigious Chinese state Class A Double First Class University approved by the central government of China, and a member of the f ...
, one of the country's top universities, in 1982 and then pursued a master's degree at the
Chinese Academy of Social Sciences.
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 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
The State Administration of Foreign Exchange (SAFE) of the People's Republic of China is an administrative agency under the State Council tasked with drafting rules and regulations governing foreign exchange market activities, and managing the ...
in addition to Vice Governor of the
People's Bank of China, 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 centra ...
. 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
The China Securities Regulatory Commission (CSRC) is a government ministry of the State Council of the People's Republic of China (PRC). It is the main regulator of the securities industry in China.
History
China's first Securities Law was ...
(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 ( , ; ; Chinese postal romanization, alternately romanized as Shantung) is a coastal Provinces of China, province of the China, People's Republic of China and is part of the East China region.
Shandong has played a major role in His ...
province. In 2017, Guo was named chairman of the
China Banking Regulatory Commission. In March 2018, he was appointed chairman of the newly established
China Banking and Insurance Regulatory Commission.
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 numb ...
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