He Qing appointed as Vice Mayor of Shanghai, former Chairman of Guotai Junan Securities

Securities Times reporter Xu Ying

According to a report from “Shanghai Releases,” on March 31, the 29th meeting of the Standing Committee of the 16th Shanghai Municipal People’s Congress decided to appoint He Qing as Shanghai’s Deputy Mayor.

He Qing’s career began in the financial sector. Her work experience covers the three major areas of banking, insurance, and securities, and her financial-related credentials are very extensive.

Public information shows that He Qing was born in 1972, from Xiangtan in Hunan. She graduated in 1994 from the Technology Economics program at Shanghai University of Engineering and Technology. After graduation, He Qing joined the Shanghai branch of the Industrial and Commercial Bank of China, serving in roles such as a clerk in the International Business Department and head of the Export Group, thereby launching a banking career lasting more than twenty years.

In 1998, He Qing joined JPMorgan Chase Bank Shanghai Branch. In 2001, she entered Shanghai Pudong Development Bank, serving as manager of the International Business Department and assistant to the president, among other positions. From 2004 to 2007, He Qing served as general manager of the International Business Department, general manager of the Corporate Finance Department, and assistant to the president at Shanghai Pudong Development Bank. After 2007, He Qing served as vice president of Shanghai Pudong Development Bank and chairman of Shanghai Minhang Shangyin Rural and Town Bank, among other roles.

During her 15-year tenure at Shanghai Pudong Development Bank, she was the youngest vice president at the bank. Later, she shifted from the banking industry to the insurance industry. In November 2015, He Qing joined China Pacific Insurance (Group) and served as deputy party secretary and vice president; starting in July 2017, she served as president of China Pacific Insurance (Group), deputy party secretary, and executive director.

In September 2019, He Qing joined Guotai Junan Securities, taking over the chairmanship from the previously departed former chairman Yang Dehong, and starting in February 2020, she served as chairman and executive director of Guotai Junan Securities. Under He Qing’s leadership, Guotai Junan Securities has always maintained an industry-leading position and is the only securities firm in the industry to have received the top highest regulatory rating of AA category A continuously for 16 years.

From November 2023 to March 2026, He Qing serves as the party secretary and director of the Shanghai Municipal State-owned Assets Supervision and Administration Commission (SASAC). This is the first Shanghai SASAC director with a background in the frontline financial industry in nearly a decade.

On January 23 this year, at the 2026 Shanghai Municipal State-owned Assets and State-owned Enterprises Reform, Development, and Party Building Work Conference held in Shanghai, He Qing summarized the work of Shanghai’s state-owned assets and state-owned enterprises and made arrangements. She said that 2026 is the first year of a new round of state-owned assets and state-owned enterprises reform and the start of the “15th Five-Year Plan.” We must accurately grasp the overall guiding approach for the work of state-owned assets and state-owned enterprises during the “15th Five-Year Plan” period and steadily advance key work for 2026.