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China's forex chief takes helm of CCB
(Xinhua)
Updated: 2005-03-25 13:51
The China Construction Bank Corporation (CCB) announced in Beijing Friday
that Guo Shuqing has been elected chairman of the board of directors of the
bank.
Guo Shuqing.
[newsphoto] | The CCB interim shareholders'
conference and the meeting of the board of directors that opened in Beijing held
that Guo Shuqing has leadership experiences in both the former State Planning
Commission and the State Commission for Restructuring the Economy, and worked as
vice governor of Guizhou Province, vice governor of the People's Bank of China
and director of the State Administration of Foreign Exchange. A man of strategic
vision, strong sense of reform and innovation, and chairman of the bank, Guo
will play an important role in promoting CCB's reform and development and the
process of internationalization.
The announcement says the CCB is at a critical time of reform and
development, it will resolutely seize the opportunity to promote the bank's
share-holding restructure process and other undertakings in an all-round way in
line with the state's unified deployment.
Guo Shuqing said he will certainly not let down the expectations of the
state, shareholders, clients and staff of the bank. He will work closely with
the whole bank and make efforts tocontinuously push forward the bank's reform
and development, and build the CCB into a modern commercial bank with
international competitive edge. Enditem
Profile of Guo Shuqing
Newly-elected CCB Chairman Guo Shuqing Guo, a doctoral research fellow, was
born in north China's Inner Mongolia Autonomous Region in August, 1956.
He studied philosophy at the Nankai University in Tianjin and Marxism and
Leninism at the Chinese Academy of Social Sciences from 1978 to 1985.
In 1986 he spent a year at Oxford's St. Antony's College as a visiting
scholar.
Guo was deputy director of the former State Planning Commission's Economic
Research Center and then a department leader and senior official of the former
State Commission for Restructuring the Economy from 1988 to 1998.
He was elected vice governor of the impoverished southwestern province of
Guizhou in July, 1998.
Guo became vice governor of the People's Bank of China, the country's central
bank and director of the State Administration of Foreign Exchange in March 2001.
In December, 2003, he was elected chairman of the Central Huijin Investment
Company Ltd., which has injected hefty funds into state-owned banks on behalf of
the central government in a bailout package to reform the vital banking
system.
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