Xiao Gang

Xiao Gang at the World Economic Forum Annual Meeting of the New Champions in 2012

Xiao Gang (Chinese: 肖钢; pinyin: Xiāo Gāng; born 1958 in Ji'an, Jiangxi) was the Chairman of the China Securities Regulatory Commission from March 2013 until 20 February 2016. He was previously chairman of the board of directors of Bank of China Limited, of the Bank of China (Hong Kong) Limited, and deputy governor of the People's Bank of China, the central bank of the People's Republic of China.

Biography

Xiao Gang was appointed the Chairman of the Board in Bank of China Limited in August 2004. He used to serve as Head of Bank in the Company. He was also Chairman of the Board in BOC Hong Kong (Holdings) Ltd. Xiao also served as Assistant Head and Deputy Head of the People's Bank of China (PBOC), Head of PBOC-Guangdong Branch, General Manager in China Foreign Exchange Center. Xiao graduated from Hunan Institute of Finance and Economics in 1981 and holds a Master's degree in International Economic Law from Renmin University of China in 1996.[1]

Xiao was appointed Chairman of the China Securities Regulatory Commission in March 2013.[2][3] On 20 February 2016, Xiao stepped down as Chairman of the China Securities Regulatory Commission.[4]

He has famously let his hair go grey, while most Chinese high-ranking officials dye their hair black.[5]

Family

Xiao Gang is married to Wu Touhong, who was born in 1959 and graduated from Hunan Institute of Finance and Economics. Wu served at China Minsheng Banking Corp., Ltd.(CMBC) as Chief Financial Officer. Together they have two sons, Xiao Haojie (Michael) and Xiao Nan (Leo). Xiao Haojie (Michael) served as the board member at GF Securities. Xiao Nan (Leo) studied MBA at UCLA Anderson School of Management.

References

  1. ↑ https://www.reuters.com/finance/stocks/officerProfile?symbol=3988.HK&officerId=789474
  2. ↑ Beijing Appoints Regulatory Chief March 17, 2013 Wall Street Journal
  3. ↑ Long road ahead for new CSRC head Updated: 2013-03-20 China Daily
  4. ↑ "China's securities regulator chief Xiao Gang to step down: State media". The Straits Times. Retrieved 20 February 2016.
  5. ↑ Wei, Lingling. "The Man Tasked With Stopping China's Stock Selloff". Wall Street Journal. Retrieved 14 October 2015.
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