In this position, which he held since 2021, Wang, oversaw financial institutions, market and bond regulations. He previously spent more than five years at the Shenzhen Stock Exchange, serving in the key roles of party secretary and general manager.
In 2020, Wang delivered a total overhaul of ChiNext, expanding China’s equivalent of the Nasdaq from 570 listed hi-tech companies to more than 1,000.
Total market value soared, from 5.23 trillion to 13.14 trillion yuan (US$719.3 billion to US$1.8 trillion), making it the second largest stock market for small and medium-sized companies in the world.
The achievement was regarded as the most dazzling of Wang’s career, winning him praise as “professional, pragmatic and thoughtful” from the mainland media, which hailed him as a reformist regulator with a “growth mindset”.
