Core Insights - Liu Hongru, the first chairman of the China Securities Regulatory Commission (CSRC), passed away at the age of 95, leaving a significant legacy in China's financial reform [1] Group 1: Career Achievements - Liu Hongru obtained a PhD in economics from Moscow State University in 1959 and had a long career at the People's Bank of China [1] - He played a crucial role in establishing the Agricultural Bank of China and served as its vice president from 1979 to 1980 [1] - Liu was the executive vice president of the People's Bank of China from 1980 to 1989, overseeing financial system reforms [1] - He was involved in the creation of the CSRC from 1992 to 1995 and served as its first chairman [1] Group 2: Contributions to Financial Reform - During his tenure at the CSRC, Liu introduced the concept of "breaking new ground and laying tracks" to guide the nascent Chinese securities market [2] - He acted as a "firefighter" in the face of an unregulated market, implementing pioneering initiatives such as the B-share market, H-shares, futures market, and overseas listings for state-owned enterprises [2]
证监会首任主席刘鸿儒逝世，享年95岁
Zheng Quan Shi Bao Wang·2025-03-14 09:24