China names ICBC chair head of CSRC

摘要

China has appointed banking veteran Yi Human to head the CHINA SECURITIES REGULATORY COMMISSION, putting governance of the nation's stock markets in his hands at a time when investor confidence has been hit by a slowing economy and US tariffs. Yi, 54, currently chairman of Industrial and Commercial Bank of China, will take over from Liu Shiyu as the CSRC's party secretary and chairman, state news agency Xinhua reported last week. Yi is an ICBC stalwart and has been working at the state bank for more than three decades. He originally joined ICBC as a junior loan officer in 1985. He was promoted to president of ICBC in 2013, overseeing the bank's overall operations. Three years later, he succeeded retiring chairman Jiang Jianqing to take the helm of the world's largest lender by assets.