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The Latest Breaking News from Guo Shuqing

China replaces securities regulator amidst market turmoil

China has replaced the head of its securities regulator amidst ongoing market turmoil, as the country seeks to stabilize its financial markets.

Top News

Ex-PBOC Deputy Head Arrested on Suspicion of Bribery

Fan Yifei now faces criminal investigations, China’s top prosecutor says

Caixin Global

China’s tech old guard make way for young blood in AI, crypto era

Beijing is seeking to assure tech sector that crackdown has passed amid questions about direction of regulatory policy.

Al Jazeera

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China finance veteran Zhu set to head central bank- sources

A career banker and head of a state-run financial conglomerate, Zhu Hexin, is likely to become governor of China's central bank after next month's annual session of parliament, according to people familiar with the matter.

Reuters

Weekly Must-Read: China Wraps Up Two-Year Tech Crackdown

Central bank and banking regulator’s Guo Shuqing sends first signal that sector led by Alibaba, Tencent, Didi and Meituan may finally be off the hook

Caixin Global

Beijing seen shifting stance over control over major IT companies

BEIJING -- The Chinese Communist Party and the government is increasingly believed to be loosening its tight controls on the country's major IT firms, such as Alibaba Group Holding Ltd.

The Japan News/Yomiuri

China Congress: Economic trends to watch as Xi consolidates power

China’s economy is facing some of the worst headwinds in decades as the ruling Communist Party holds key congress.

Al Jazeera

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Top Banking Regulator Warns Against a ‘Too Dramatic’ Real Estate Correction

CBIRC’s Guo Shuqing calls for a smooth transition to avoid hurting China’s economy after reversal of a bubble momentum in the property market

Caixin Global

China Will Not Join Sanctions on Russia, Banking Regulator Says

China will not join in sanctions on Russia that have been led by the West, the country's banking regulator said on Wednesday, adding that he believed the impact of the measures on China would be limited. China, which has refused to condemn Russia's invasion of Ukraine, has repeatedly criticized what…

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