Liu Shiyu

{{family name hatnote|Liu|lang=Chinese}}

{{Infobox officeholder

| image =

| caption =

| office1 = Chairman of All-China Federation of Supply and Marketing Cooperatives

| term_start1 = 26 January 2019

| term_end1 = 19 May 2019

| predecessor1 = Wang Xia

| successor1 = Yu Hongqiu

| office2 = Chairman of the China Securities Regulatory Commission

| term_start2 = 20 February 2016

| term_end2 = 26 January 2019

| predecessor2 = Xiao Gang

| successor2 = Yi Huiman

| office3 = Chairman of Agricultural Bank of China

| term_start3 = 5 December 2014

| term_end3 = 20 February 2016

| predecessor3 = Jiang Chaoliang

| successor3 = Zhou Mubing

| name = Liu Shiyu

| native_name = 刘士余

| native_name_lang = zh

| birth_name =

| birth_date = {{birth year and age|1961|11}}

| birth_place = Guanyun County, Jiangsu, China

| death_date =

| death_place =

| occupation = Politician, economist

| party = Chinese Communist Party

| spouse =

| children =

| parents =

| relations =

| religion =

| profession =

| alma_mater = Tsinghua University

| website =

| signature =

| footnotes =

| module = {{Infobox Chinese|child=yes

| s = {{linktext|刘|士|余}}

| t = {{linktext|劉|士|餘}}

| p = Liú Shìyú

}}

}}

Liu Shiyu ({{zh|刘士余}}; born November 1961) is a Chinese banker and former public official. He was best known for his term as head of the China Securities Regulatory Commission between 2016 and 2018.{{cite news |author1=Xie Yu |author2=William Zheng |title=China's former securities regulator Liu Shiyu is probed over family members' alleged insider trading and favouring hometown IPOs, sources say |url=https://www.scmp.com/business/banking-finance/article/3010965/chinas-former-securities-regulator-liu-shiyu-probed-over |accessdate=4 October 2019 |work=South China Morning Post |date=20 May 2019}}{{cite web|title=China's securities regulator chief Xiao Gang to step down: State media|url=http://www.straitstimes.com/asia/east-asia/chinas-securities-regulator-head-xiao-gang-to-step-down-state-media|website=The Straits Times|accessdate=20 February 2016}} Liu previously served as President of the Agricultural Bank of China from 2014 to 2016.{{cite news |author1=Zhang Yan |title=Ex-regulator of securities surrenders |url=http://www.chinadaily.com.cn/a/201905/21/WS5ce3501aa3104842260bcccd.html |accessdate=4 October 2019 |work=chinadaily |date=21 May 2019}} He turned himself into the authorities for disciplinary violations in 2019, and was demoted given a party membership suspension. At the time, he was serving as Chairman of the All-China Federation of Supply and Marketing Cooperatives. Liu was the second ministerial-level official to hand in to anti-corruption authorities since the 18th National Congress of the Chinese Communist Party in late 2012.

Biography

Liu was born in Guanyun County, Jiangsu. He graduated from Tsinghua University initially in hydraulic engineering, then and received a master's combined degree in engineering and management, and a doctorate in economics. Between 1987 and 1996, he worked for the Shanghai municipal economic structural reform office, then the National Office of Structural Reform, before being transferred to the China Construction Bank (CCB). At CCB, Liu was rapidly promoted to more senior roles, working in its Banking Supervision Department. In 2002 he began heading the administrative office of the People's Bank of China, and in July 2004, was named Assistant to the Governor, finally being promoted to Deputy Governor in June 2006.{{cite news|title=刘士余任农业银行董事长|url=http://finance.ce.cn/rolling/201412/08/t20141208_4070194.shtml|accessdate=2016-02-19|agency=Ce.cn}}

In October 2014, he became the Communist Party Secretary (i.e. top leader) of the Agricultural Bank of China.{{cite news|title=媒体称央行副行长刘士余将接替蒋超良任农行党委书记|url=http://finance.people.com.cn/money/n/2014/1020/c218900-25870301.html|accessdate=2016-02-19|agency=人民网}} In February 2016, he was named chairman of the China Securities Regulatory Commission. He was tapped for the role upon the dismissal of Xiao Gang, after a tumultuous year in the Chinese stock market that led to huge investor losses. At the CSRC, Liu was known to have decreased the backlog of approvals for companies awaiting IPO on China's stock markets.{{cite news |author1=Matt Ho |title=Liu Shiyu, China's former top securities regulator, turns himself in as part of corruption investigation |url=https://www.scmp.com/news/china/politics/article/3010864/liu-shiyu-chinas-former-top-securities-regulator-turns-himself |accessdate=4 October 2019 |work=South China Morning Post |date=20 May 2019}}{{cite news |author1=Hao Huang |author2=Lucille Liu |author3=Jun Luo |title=China's Former Top Securities Regulator Under Investigation |url=https://www.bloomberg.com/news/articles/2019-05-19/china-s-former-top-securities-regulator-under-investigation |accessdate=4 October 2019 |work=bloomberg |date=20 May 2019}} In January 2019, he was named Chairman of All-China Federation of Supply and Marketing Cooperatives, replacing Wang Xia.{{cite news|url=http://news.xinhuanet.com/politics/2016-02/20/c_1118104241.htm|title=中国证监会主要领导调整|publisher=Xinhua|date=2016-02-20|accessdate=2016-02-20}}

Investigation

On May 19, 2019, Liu was placed under investigation by the Central Commission for Discipline Inspection (CCDI), the party's internal disciplinary body, and the National Supervisory Commission, the highest anti-corruption agency of China.{{cite news |author1=Brenda Goh |author2=Cheng Leng |title=China investigates former head of securities regulator |url=https://www.reuters.com/article/us-china-corruption/china-investigates-former-head-of-securities-regulator-idUSKCN1SP0K7 |accessdate=4 October 2019 |work=reuters |date=20 May 2019}}{{cite news |author1=Yue Yue |author2=Wu Gang |title=Former Chief Securities Regulator Put Under Investigation |url=https://www.caixinglobal.com/2019-05-20/former-chief-securities-regulator-put-under-investigation-101417417.html |accessdate=4 October 2019 |work=caixinglobal |date=20 May 2019}}{{cite news|url=http://www.ccdi.gov.cn/toutiao/201905/t20190519_194192.html|title=中华全国供销合作总社党组副书记、理事会主任刘士余同志配合中央纪委国家监委审查调查|publisher=Central Commission for Discipline Inspection|date=2019-05-19|accessdate=2019-05-19}}

On October 4, 2019, the Central Commission for Discipline Inspection said in a statement that Liu was found to have severely violated political discipline and political rules, received gifts and used his power and position to seek personal gain for others, made illegal arrangements for others to work in the financial system and job promotion. Liu was placed on two-year probation within the Party, and demoted to first-level investigator ({{lang|zh|一级调研员}}), a non-leading position somewhat equivalent to the official of section rank ({{zh|s=正处级|p=zhengchuji|labels=no}}).{{cite news |title=Former head of securities regulator Liu Shiyu removed from post |url=https://www.chinadaily.com.cn/a/201910/04/WS5d974f26a310cf3e3556ec87.html |access-date=12 January 2021 |work=Chinadaily |date=4 October 2019}}{{cite news |author1=Sidney Leng |title=China's former securities regulator Liu Shiyu gets light punishment after graft probe |url=https://www.scmp.com/economy/china-economy/article/3031690/chinas-former-securities-regulator-liu-shiyu-gets-light |accessdate=6 October 2019 |work=South China Morning Post |date=5 October 2019 |quote=He has been given two years' probation, had his civil servant rank downgraded and his illegal gains have been confiscated.}}{{Cite web|title=中华全国供销合作总社原党组副书记、理事会主任刘士余因严重违纪违法受到留党察看二年、政务撤职处分|url=http://www.ccdi.gov.cn/toutiao/201910/t20191004_201995.html|accessdate=2019-10-04|date=2019-10-04|publisher=Central Commission for Discipline Inspection}} He was removed from membership of the 19th National Congress of the Chinese Communist Party.

References

{{Reflist}}

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{{s-bus}}

{{s-bef|before=Jiang Chaoliang}}

{{s-ttl|title= Chairman of Agricultural Bank of China|years=2014-2016}}

{{s-after|after= Zhou Mubing ({{lang|zh-Hans|周慕冰}})}}

{{s-gov}}

{{s-bef|before = Xiao Gang}}

{{s-ttl|title = Chairman of the China Securities Regulatory Commission| years = 2016–2018}}

{{s-aft|after = Yi Huiman}}

{{s-civ}}

{{s-bef|before= Wang Xia ({{lang|zh-Hans|王侠}})}}

{{s-ttl|title= Chairman of All-China Federation of Supply and Marketing Cooperatives|years=2019-2019}}

{{s-aft|after=Yu Hongqiu}}

{{s-end}}

{{Chairmen of the China Securities Regulatory Commission}}

{{CCPCorruption2017}}

{{Authority control}}

{{DEFAULTSORT:Liu, Shiyu}}

Category:Chinese bankers

Category:Living people

Category:1961 births

Category:Tsinghua University alumni

Category:Officials of the People's Bank of China

Category:Purged Chinese politicians

Category:Chairmen of the China Securities Regulatory Commission

Category:Agricultural Bank of China people

Category:Members of the 19th Central Committee of the Chinese Communist Party

Category:People expelled from the Chinese Communist Party in 2019

Category:Chinese politicians convicted of corruption