China appoints Ding Xiangqun as top financial regulator
China has officially appointed Ding Xiangqun as minister of the National Financial Regulatory Administration following her recent selection as the regulator's Communist Party chief. A veteran of the banking and insurance sectors, she previously chaired the state-owned People's Insurance Company of China.
China appointed Ding Xiangqun as minister of the National Financial Regulatory Administration on June 5. The move follows her appointment as the regulator's Communist Party committee chief in late May. Ding's leadership places a veteran of the banking and insurance sectors at the head of the country's primary financial oversight body.
### A Veteran Takes the Helm Ding previously served as the chairperson of the state-owned People's Insurance Company (Group) of China. Her transition to the National Financial Regulatory Administration (NFRA) was confirmed in an official statement on Friday morning.
