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

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

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

, 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

(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

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