Name Liu Shiyu | Education Tsinghua University | |
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Did China Just Avoid a Major Coup? Expert Gordon Chang Weighs In
Liu Shiyu (Chinese: 刘士余; born November 1961) is a Chinese banker who is currently serving as the Chairman of the China Securities Regulatory Commission. Liu previously served as President of the Agricultural Bank of China from October 2014 to February 2016.
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Biography
Liu was born in Guanyun County, Jiangsu. He graduated from Tsinghua University initially in hydraulic engineering, then and received a master's combined degree in engineering and management, and a doctorate in economics. Between 1987 and 1996, he worked for the Shanghai municipal economic structural reform office, then the National Office of Structural Reform, before being transferred to the China Construction Bank (CCB). At CCB, Liu was rapidly promoted to more senior roles, working in its Banking Supervision Department. In 2002 he began heading the administrative office of the People's Bank of China , and in July 2004, was named Assistant to the Governor, finally being promoted to Deputy Governor in June 2006.
In October 2014, he became the Communist Party Secretary (i.e. top leader) of the Agricultural Bank of China. In February 2016, he was named chairman of the China Securities Regulatory Commission. He was tapped for the role upon the dismissal of Xiao Gang, after a tumultuous year in the Chinese stock market that led to huge investor losses.