Shao Fujun, Secretary of the Party Committee of the UnionPay, Zhou Xuedong, Takes Over as Director of the General Office of the Central Bank

Shao Fujun, Secretary of the Party Committee of the UnionPay, Zhou Xuedong, Takes Over as Director of the General Office of the Central Bank
19:33, November 5, 2018 Surging news

Shao Fujun was appointed Secretary of the Party Committee of China UnionPay, and Zhou Xuedong took over as Director of the General Office of the Central Bank
Surging journalist Yue Huairang Source: Surging News

   Bank of China The leadership of the card association organization (hereinafter referred to as "China UnionPay") has changed recently.

On November 5, a surging journalist inquired about the official website of China UnionPay and found that the recently updated information in the "leadership team" column of the website showed that Shao Fujun had already served as the secretary of the party committee of China UnionPay, and Shi Wenchao, the former secretary of the party committee of China UnionPay, was currently serving as president, vice chairman and deputy secretary of the party committee.

According to the International Financial News, Shao Fujun worked in the Planning and Fund Department, Monetary Policy Department and other departments of the People's Bank of China (hereinafter referred to as "the People's Bank of China") in his early years, and then worked in the General Office of the People's Bank of China for many years. In April 2007, he was appointed Director of the Central Bank's Credit Information Administration.

As mentioned in the above report, Shao Fujun is a doctor of economics, a senior economist, and a "well-known pen holder" within the central bank. In 2011, he became the director of the general office of the central bank.

Zhou Xuedong has assumed the post of Director of the General Office of the People's Bank of China, which Shao Fujun once held.

According to Xinhua News Agency on November 2, the Central Bank announced the rating results of financial institutions for the first time on November 2. About 10% of banking institutions are rated at 8 or above, and will be subject to more stringent restrictions on financial policy support, business access, re lending and credit extension.

The report of Xinhua News Agency mentioned that Zhou Xuedong, as the director of the General Office and the director of the Financial Stability Bureau, introduced that the rating of the central bank's financial institutions is an important starting point for macro prudential management. The rating results were applied to the verification of deposit insurance differential rates, MPA, monetary policy tools, window guidance and countercyclical capital requirements, realizing "hard constraints" on financial institutions.

At present, the leadership of China UnionPay includes: Shao Fujun, Secretary of the Party Committee; Ge Huayong, Chairman; Shi Wenchao, President, Vice Chairman and Deputy Secretary of the Party Committee; Chen Zhi, Vice Chairman; Cai Jianbo, Executive Vice President and Member of the Party Committee; Zhang Huaxuan, Member of the Party Committee and Secretary of the Discipline Inspection Commission; Hao Zhe, Executive Vice President and Member of the Party Committee.

In addition, China UnionPay also has three assistant presidents, Qi Yuemin, Liu Fengjun and Hu Ying. Chen Lei is the chief investment officer.

Editor in charge: Xie Haiping

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