‘Disgraced’ former Chinese regulator becomes PBoC adviser
Liu Shiyu was accused of violating party discipline and taking advantage of his official position in 2019
The former chair of China’s securities regulator, Liu Shiyu, has been appointed an adviser to the central bank, three years after the Communist Party severely disciplined him.
It is rare for previously disgraced officials to be appointed to key roles. Liu was chairman of the China Securities Regulatory Commission (CSRC) between February 2016 and January 2019, but was strongly censured by party authorities.
In May 2019, the Central Commission for Discipline Inspection said Liu was co-operating
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