China Names Li Yunze Top Financial Regulator in Surprise Move

Loonzo's appointment as a regulator surprised many due to his less prominent profile compared to other contenders. Despite this, his banking and regional government experience positions him well to oversee the National Financial Supervision and Management Bureau. His role involves regulating numerous financial institutions while balancing the need for innovation and attracting foreign investment amidst recent regulatory changes.

How does Loonzo's local experience play a role in his new position?

What balancing act is Loonzo expected to perform as a regulator?