Caixin

China Financial Regulatory Veteran Tapped for Provincial Vice Governor, Sources Say

Published: Jul. 19, 2024  8:14 p.m.  GMT+8
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Wang Junshou. Photo: VCG
Wang Junshou. Photo: VCG

Wang Junshou, head of the Shanghai branch of the National Financial Regulatory Administration (NFRA), is expected to be appointed a vice governor of Hunan province, multiple sources with knowledge of the matter told Caixin.

Wang is expected to add depth of experience to the central province’s financial oversight.

The 53-year-old has worked in the financial regulatory sector for roughly 18 years and has extensive experience at the local level.

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  • Wang Junshou, head of Shanghai's NFRA branch, is expected to become a vice governor of Hunan province.
  • With 18 years in financial regulation and various high-level roles, he has extensive experience.
  • Wang's educational background includes a bachelor's, master's, and doctoral degrees in finance from Nankai University.
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Who’s Who
Bank of Tianjin Co. Ltd.
The article mentions that before Wang Junshou joined the China Banking Regulatory Commission (CBRC), he worked at the predecessors of Bank of Tianjin Co. Ltd., a city commercial bank. This indicates that Bank of Tianjin Co. Ltd. originated from earlier financial institutions where Wang gained experience prior to his regulatory career.
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What Happened When
2006:
Wang Junshou joined the now-defunct China Banking Regulatory Commission (CBRC).
By 2013:
Wang moved to the headquarters in Beijing to serve as a deputy director of the general office, overseeing national state-owned banks and foreign financial institutions.
2014:
Wang moved to head the CBRC’s Xinjiang branch.
2018:
Wang became director of the Shandong branch of the China Banking and Insurance Regulatory Commission (CBIRC), which was formed that year with the merger of the CBRC and its insurance counterpart.
2021:
Wang moved to Shanghai to fill the vacancy left by Han Yi, the former Shanghai branch chief of the CBIRC, who had fallen under a corruption probe.
2023:
The CBIRC was absorbed by the NFRA when it was established to oversee all sectors of the finance industry, excluding securities.
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