Liu Shiyu (; born November 1961) is a Chinese banker and former public official. He was best known for his term as head 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 ...

between 2016 and 2018. Liu previously served as President of the

Agricultural Bank of China Agricultural Bank of China (ABC), also known as AgBank, is one of the " Big Four" banks in China. It was founded on 10 July 1951, and has its headquarters in Dongcheng District, Beijing. It has branches throughout mainland China, Hong Kong, Lond ...

from 2014 to 2016. He turned himself into the authorities for disciplinary violations in 2019, and was demoted given a party membership suspension. At the time, he was serving as Chairman of the All China Federation of Supply and Marketing Cooperatives. Liu was the second ministerial-level official to hand in to anti-corruption authorities since the

18th National Congress of the Chinese Communist Party The 18th National Congress of the Chinese Communist Party was held November 8-15, 2012 at the Great Hall of the People. It was preceded by the 17th National Congress of the Chinese Communist Party. Due to term and age limits restrictions, seven o ...

in late 2012.

Biography

Liu was born in

Guanyun County Guanyun County () is under the administration of Lianyungang, Jiangsu province, China. It borders the prefecture-level city of Suqian to the southwest and the Yellow Sea to the east. Guanyun County has an area of and a population of about 1,026,0 ...

, Jiangsu. He graduated from

Tsinghua University Tsinghua University (; abbreviation, abbr. THU) is a National university, national Public university, public research university in Beijing, China. The university is funded by the Ministry of Education of the People's Republic of China, Minis ...

initially in hydraulic engineering, then and received a master's combined degree in engineering and management, and a doctorate in economics. Between 1987 and 1996, he worked for the Shanghai municipal economic structural reform office, then the National Office of Structural Reform, before being transferred to 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 bra ...

(CCB). At CCB, Liu was rapidly promoted to more senior roles, working in its Banking Supervision Department. In 2002 he began heading the administrative office 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 in July 2004, was named Assistant to the Governor, finally being promoted to Deputy Governor in June 2006. In October 2014, he became the

Communist Party Secretary A Party Committee Secretary () is the leader of the Chinese Communist Party (CCP) organization in a province, city, village, or other administrative unit. In most cases, it is the ''de facto'' highest political office of its area of jurisdictio ...

(i.e. top leader) of the

. In February 2016, he was named chairman of the

. He was tapped for the role upon the dismissal of

Xiao Gang Xiao Gang (; born 1958 in Ji'an, Jiangxi) was the chairman of the China Securities Regulatory Commission from March 2013 until 20 February 2016. He was previously chairman of the board of directors of Bank of China Limited, of the Bank of China ( ...

, after a tumultuous year in the Chinese stock market that led to huge investor losses. At the CSRC, Liu was known to have decreased the backlog of approvals for companies awaiting IPO on China's stock markets. In January 2019, he was named Chairman of All China Federation of Supply and Marketing Cooperatives, replacing Wang Xia.

Investigation

On May 19, 2019, Liu was placed under investigation by the

Central Commission for Discipline Inspection The Central Commission for Discipline Inspection (CCDI) is the highest internal control institution of the Chinese Communist Party (CCP), tasked with enforcing internal rules and regulations and combating corruption and malfeasance in the par ...

(CCDI), the party's internal disciplinary body, and the

National Supervisory Commission National Supervisory Commission of the People's Republic of China is the highest anti-corruption agency of the People's Republic of China, at the same administrative ranking as Supreme People's Court and Supreme People's Procuratorate. Its opera ...

, the highest anti-corruption agency of China. On October 4, 2019, the Central Commission for Discipline Inspection said in a statement that Liu was found to have severely violated political discipline and political rules, received gifts and used his power and position to seek personal gain for others, made illegal arrangements for others to work in the financial system and job promotion. Liu was placed on two-year probation within the Party, and demoted to first-level investigator (), a non-leading position somewhat equivalent to the official of section rank (). He was removed from membership of the

19th National Congress of the Chinese Communist Party The 19th National Congress of the Chinese Communist Party (commonly referred to as ''Shíjiǔ Dà''; ) was held at the Great Hall of the People, Beijing, between 18 and 24 October 2017. 2,280 delegates represented the party's estimated 89 mill ...

References

{{DEFAULTSORT:Liu, Shiyu Chinese bankers Living people 1961 births Tsinghua University alumni Officials of the People's Bank of China Agricultural Bank of China people Members of the 19th Central Committee of the Chinese Communist Party