China banking regulator names Guo Shuqing as new chairman

Published Tue, Feb 28 201711:47 PM ESTUpdated Wed, Mar 1 20171:44 AM EST

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

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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