Mr. SHANG Fulin was appointed as Chairman of the 13th Subcommittee for Economic Affairs of the Chinese People’s Political Consultative Conference (CPPCC) in March 2018. He currently also serves as a member of the 13th Standing Committee of the CPPCC. He was once an alternate member of the 16th Central Committee of the Communist Party of China, and a member of the 17th and 18th Central Committee of the Communist Party of China.
Prior to the current position, Mr. SHANG held various positions in both government agencies and financial institutions, including, among others, Vice Chairman of the 12th Subcommittee for Economic Affairs of the CPPCC (February 2017 - March 2018), Chairman of the China Banking Regulatory Commission (October 2011 - February 2017), Chairman of China Securities Regulatory Commission (December 2002 - October 2011), President of Agricultural Bank of China (February 2000 - December 2002), Assistant Governor and then Deputy Governor of the People’s Bank of China (October 1994 - February 2000).
Mr. SHANG was born in November 1951 in Shandong. He received his doctorate degree in Finance from Southwestern University of Finance and Economics and was awarded as “China Economic Person of the Year” in 2006. He was also the first person to propose and implement the idea of equity division reform, when he was the Chairman of the China Securities Regulatory Commission (CSRC), which brought historic changes to China’s securities market.■