(MENAFN) Shuging, who is stepping down as governor of Shandong province will take control of China"s banking regulator, returns to Beijing for its financial system.
Meanwhile, Guo must address troubled lending in the country's USD34tr banking sector and apply measures to control lightly regulated shadow banking activities.
In addition, he tried to revive a stagnant stock market, enhancing collaboration by foreign investors while campaigning against widespread insider trading.
Moreover, he also supported the initial public offerings system and upgraded the delisting of loss-making firms.
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