Shanghai Financial Work Department Chief to Become Chair of Shanghai Pudong Development Bank

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One of the senior-most financial regulatory officials in the city of Shanghai is set to take over the position of chair of a leading local lender.

Zheng Yang (郑杨), the head of the Shanghai Financial Work Department (上海市金融工作局) and head of the local financial regulatory department, will soon assume the office of chair of the Shanghai Pudong Development Bank (SPD Bank), according to sources speaking to 21st Century Business Herald.

Ms. Jie Dong (解冬), vice-head of the local financial regulatory department and the Shanghai Financial Work Department, will replace Zheng in his current position.

Zheng Yang is a 52-year old native of Wuxi in Jiangsu province, who formerly served as vice-head of the capital account management department of the State Administration of Foreign Exchange (SAFE), as well as vice-head of the Shanghai office of the People’s Bank of China (PBOC).

Zheng was first appointed to the position of chair of the Shanghai Financial Office (上海金融办) in December 2013, and has been in charge of financial regulation in Shanghai for over five years.

Jie Dong is a 48 year-old native of Shanghai, with a master’s degree in literature and Phd in philosophy.

Jie was appointed vice-chair clerk of the Shanghai Foreign Economics and Trade Commission (上海市外经贸委) in 1998, before subsequently becoming chair clerk and chief assistant.

In January 2011 Jie was appointed vice-head of Changning district, assuming the office of vice-chair of the Shanghai Financial Office in September 2014.

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