Ding Xiangqun has been appointed party committee secretary of China’s National Financial Regulatory Administration (NFRA), according to an official announcement on May 29.
Her appointment follows the vacancy left by Li Yunze’s reported departure as both minister and Communist Party chief of the NFRA in April, ending his three-year tenure.
Ding joins the regulator after serving as party secretary and chairperson of PICC Group from December 2024 to May 2026. She brings nearly four decades of experience, with a career spanning banking, insurance, and government roles.
She began her career at the Agricultural Bank of China as an officer in the credit department before moving to the Bank of China, where she later served as president of corporate banking.
Ding subsequently held senior roles across China’s financial sector, including deputy general manager of China Taiping Insurance Group and vice president of China Development Bank.
She also served in local government, including as vice chairperson of the Guangxi government, before joining the Anhui Provincial Committee, where she headed the organisation department from 2018 to 2024.
Her appointment places a former senior insurance executive and policy-sector official at the top party post of China’s main financial regulator, which oversees the country’s banking and insurance sectors.
