Xiao Gang is the former chairman of the China Securities Regulatory Commission, the nation's securities regulator. He was forced out of the position in February of 2016 amid market turbulence in China's stock markets.
He was previously chairman of Bank of China Ltd. but left on March 17, 2013 in order to assume the newer role, succeeding Guo Shuqing.   He was named to the Commission as part of a new team assembled by Chinese president Xi Jinping to oversee the markets’ opening-up and reform.
Xiao worked in various positions at China’s central bank, the People's Bank of China, for more than 20 years, eventually becoming deputy governor before joining the Bank of China, the nation’s fourth-biggest listed lender. He was named head of Bank of China in March 2003.
He graduated from the Hunan Institute of Finance and Economics in 1981, and obtained a master’s degree in international economic law at Renmin University of China in 1996. 
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