China has appointed Ms Ding Xiangqun as the Communist Party committee chief of the National Financial Regulatory Administration.
According to an article on news platform CNA, Ms Ding’s appointment comes in the wake of Mr Li Yunze’s demotion in April, due to what was treated as a suspected disciplinary violation.
Ms Ding was most recently Chairperson of the People’s Insurance Company (Group) of China (PICC). She is also likely to become the director of the top regulatory body, as both roles are traditionally held by the same person. She joined PICC in 2024.
Ms Ding was elevated to the Central Committee of the Communist Party of China in July 2024, becoming the first woman from the financial sector to join the roughly 200-member body that ranks below the Politburo in the party’s power structure.