Mr. Wang was appointed Vice Chairman of the China Banking Regulatory Commission (CBRC) in December 2007. Prior to his current assignment, Zhaoxing served as Assistant Chairman of the CBRC from June 2005 to December 2007. Before joining the CBRC, Zhaoxing had worked at Shannxi Institute of Finance and Economics and People’s Bank of China (PBC). He had extensive working experience in monetary policy and banking supervision. He has represented the CBRC to engage in international financial supervision reform; served as a leading negotiator in banking area for China’s accession to the WTO; chaired a series of key programs such as Financial Sector Assessment Program for China’s Banking Section, the Implementation of New International Supervisory Standards by Chinese Banks, the Opening-up Program of China’s Banking Sector, the Promotion of the SME Financial Services, and the Construction of Off-site Surveillance System and Risk Warning System.