(Adds current CSRC chief, other details)
BEIJING, March 17 Bank of China Ltd
Chairman Xiao Gang was named the country's
top security regulator on Sunday, the China Securities Journal
reported on its website.
Xiao, 54, was named head of the China Securities Regulatory
Commission (CSRC) at a Sunday meeting of the commission, the
official Securities Journal said.
Xiao resigned on Sunday as chairman of the Bank of China,
the bank said in a regulatory filing with the Shanghai Stock
Exchange. The statement gave no details about where Xiao would
The news comes amid a flurry of appointments to head
ministries and other top agencies as China's annual
parliamentary session ended on Sunday.
Reuters reported last week that current CSRC chief Guo
Shuqing would be named governor of coastal province Shandong,
and that Xiao was a leading candidate to replace him.
Both Guo's and Xiao's new jobs are often stepping stones to
higher leadership positions.
Xiao spent many years at the People's Bank of China - the
country's central bank - where he worked in policy research and
monetary policy, rising to be deputy governor.
He joined Bank of China in 2003 and was named BOC chairman a
(Reporting by Sally Huang and Terril Yue Jones; Editing by