Liu Shiyu
Liu Shiyu | |
|---|---|
| Born | November 1961 Guanyun County, Jiangsu Province, China |
| Occupation(s) | Financial executive, government official |
| Years active | 1987–2019 |
| Known for | Chairman of China Securities Regulatory Commission (2016–2018), President of Agricultural Bank of China (2014–2016) |
Liu Shiyu (; born November 1961) is a Chinese financial executive and former government official, recognized for his leadership of the China Securities Regulatory Commission from 2016 until 2018. Before this role, he held the position of President at the Agricultural Bank of China from 2014 to 2016. In 2019, while serving as Chairman of the All-China Federation of Supply and Marketing Cooperatives, Liu was subjected to disciplinary scrutiny, resulting in his surrender to authorities, demotion, and suspension of party membership. He was the second official at the ministerial level to undergo anti-corruption investigation following the 18th National Congress of the Chinese Communist Party in 2012.
Biography
Liu originates from Guanyun County, Jiangsu Province. He earned his undergraduate degree in hydraulic engineering from Tsinghua University, followed by a master's degree integrating engineering and management disciplines, and later completed a doctorate in economics. Between 1987 and 1996, Liu worked within departments focused on economic structural reforms before joining China Construction Bank (CCB), where he quickly progressed through roles in the Banking Supervision Department. In 2002, he was appointed head of the administrative office at the People's Bank of China, advancing to Assistant Governor in 2004 and Deputy Governor by 2006.
In October 2014, Liu assumed the role of Communist Party Secretary at the Agricultural Bank of China. He was named chairman of the China Securities Regulatory Commission (CSRC) in February 2016, taking over from Xiao Gang amid a challenging stock market period marked by considerable investor losses. During his tenure at CSRC, Liu worked to clear the backlog of initial public offering approvals on China's stock exchanges. In January 2019, he succeeded Wang Xia as Chairman of the All-China Federation of Supply and Marketing Cooperatives.
Investigation
On May 19, 2019, Liu became subject to an inquiry conducted by the Central Commission for Discipline Inspection (CCDI) along with the National Supervisory Commission, which are China's principal anti-corruption bodies.
The CCDI disclosed on October 4, 2019, that Liu had committed serious breaches of political discipline, accepted improper gifts, misused his authority for personal benefit, and enabled unlawful promotions within the financial sector. Consequently, he was placed on a two-year probation within the Communist Party and demoted to a first-level investigator position (一级调研员), a non-leadership role equivalent to section chief rank (正处级). His illicit earnings were confiscated, and he was expelled from membership in the 19th National Congress of the Chinese Communist Party.