Veteran China Banking Regulator Dies at 67
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Wang Zhaoxing, a veteran Chinese financial regulator known for his role in shaping banking supervision and opening the sector to global standards, has died at 67, according to multiple industry sources.
Wang, a former vice chairman of the now-defunct China Banking and Insurance Regulatory Commission (CBIRC) and a State Council counselor, died Tuesday, Caixin learned from several industry insiders.
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- Wang Zhaoxing, former vice chairman of China's CBIRC and State Council counselor, died at 67.
- He spent nearly 30 years in financial regulation, playing a key role in banking reforms and international coordination.
- Wang was known for emphasizing risk control and regulatory discipline; his funeral is scheduled for March 21 in Beijing.
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What Happened When
- 1990：
- Wang Zhaoxing joined the People’s Bank of China.
- 2003：
- Wang Zhaoxing moved to China’s then-top banking watchdog.
- 2019：
- Wang Zhaoxing stepped down from his post at the CBIRC upon reaching retirement age.
- More than two years before March 17, 2026：
- Wang Zhaoxing stayed in intensive care due to poor health.
- Tuesday, March 17, 2026：
- Wang Zhaoxing died at age 67.
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