Jan 26, 2019 05:29 PM

Chair of World’s Most Profitable Bank Named China’s Top Securities Watchdog

Yi Huiman. VCG
Yi Huiman. VCG

China has appointed the head of the world’s largest bank as its top securities regulator.

Veteran banker Yi Huiman, chairman of Industrial and Commercial Bank of China Ltd. (ICBC), has been named Communist Party chief and chairman of the China Securities Regulatory Commission (CSRC), succeeding Liu Shiyu, the official Xinhua News Agency reported Saturday (link in Chinese). State-owned ICBC, listed in Shanghai and Hong Kong, has ranked first among all banks in the world in terms of total assets, revenues, or profits in recent years.

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