Beginning in 1985, he served in several posts in the
Industrial and Commercial Bank of China, including vice president of
Zhejiang Branch (1998), president of
Jiangsu Branch (2000), and president of
Beijing Branch (2005). In May 2008, he became vice president of the bank, rising to president in May 2013. He rose to become chairman of the board of the Industrial and Commercial Bank of China in September 2016, succeeding
Jiang Jianqing. He was appointed as the chairman of the
China Securities Regulatory Commission (CSRC) on 26 January 2019. He was removed from the post on 7 February 2024. On 6 June 2024, he was appointed as a member of the
14th Chinese People's Political Consultative Conference and a deputy director of the
Committee for Economic Affairs. He was an alternate of the
19th Central Committee and is a member of the
20th Central Committee. == Investigation ==