China banking regulator names Guo Shuqing as new chairman

Guo Shuqing speaks to the media at the Great Hall of the People to attend a plenary session of the National People's Congress on March 10, 2013 in Beijing, China.
Feng Li | Getty Images
Guo Shuqing speaks to the media at the Great Hall of the People to attend a plenary session of the National People's Congress on March 10, 2013 in Beijing, China.

China's banking regulator named Guo Shuqing as the new chairman of China Banking Regulatory Commission (CBRC) on Wednesday.

Guo will hold a press conference on March 2, the country's cabinet information office said earlier in the day.

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