The Chinese banking regulator`s newly ?appointed chief on Thursday brushed aside suggestions that he would spearhead a merger of the country`s three financial ?industry watchdogs, describing the talk as "rumour".
"I have been working on the real economy for the last four years, and I haven`t thought about financial regulation too much ? I need to learn from you as well.
"If you`d asked me about the ways to improve rural toilets, I would say I knew three ways; but you`ve asked me about my plans for banking regulation, and at present, I have none," he said.
In his first public appearance since taking on the top job at the China Banking Regulatory Commission last week, Guo Shuqing vowed to strengthen oversight of the sector, but stopped short of saying what his role would be in overhauling financial regulation.
When asked if he had any idea abouts a suitable financial regulatory model, Guo said: "I have been in my [new] office for just three days, and I really have had no time to think about the problem thoroughly.
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