Exclusive: China’s Financial Watchdog Reshuffles Veterans

Two veteran officials are slated to take up new positions at the National Financial Regulatory Administration (NFRA) amid a shakeup in China’s top financial watchdog, sources with knowledge of the matter told Caixin.

He Guofeng will lead the Financial Institution Authorization Department, vacating his current position as head of an NFRA unit combating illegal financial activities, the sources said.