Banking veteran Li Yun appointed Shenzhen's acting mayor ahead of Apec summit

Li Yun, a seasoned banking professional with more than two decades of experience in financial institutions, has been appointed the new deputy Communist Party secretary and acting mayor of Shenzhen. This significant appointment comes just months before the southern Chinese metropolis is set to host a series of Asia-Pacific Economic Cooperation (APEC) meetings.

Li takes over from Qin Weizhong, as reported by the Shenzhen Special Zone Daily. His career includes over 21 years at the Agricultural Bank of China, followed by a role as vice-president at China Construction Bank starting in 2021. He has also served as the vice-governor of Guangdong province since March of the previous year.

During a meeting with members of the municipal people's congress standing committee, Li pledged to uphold the directives of the central, provincial, and municipal party committees. He also committed to advancing Shenzhen's high-quality development and modernization efforts. Li holds a doctorate in world economy from Wuhan University.

Shenzhen's upcoming role as host of the APEC summit in November is considered by Chinese leadership as a crucial platform to highlight the nation's technological advancements, foster high-level diplomatic ties, and promote regional economic integration.

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implement the decisions of the central committee, provincial and municipal party committees