What’s new: China has named Hu Jinglin as the State Taxation Administration’s (STA) new Communist Party committee chief, succeeding Wang Jun, the authority announced on Tuesday.
The appointment puts Hu on track to also take over the position of STA administrator from Wang.
Hu, 59, remains the administrator of the National Healthcare Security Administration, a position he has held since 2018.
The background: Hu is a public finance specialist. He previously worked at the Ministry of Finance (MOF) for 20 years, lastly as a vice minister from 2014 to 2018.
The STA works closely with the MOF by drafting tax laws and regulations.
Taxes are a key source of government revenue in China. In the first 10 months of this year, the country collected nearly 16 trillion yuan ($2.2 trillion) in tax revenue.
Hu’s appointment is part of Beijing’s broader overhaul of the top brass at its most important economic and financial agencies.
Last week, China appointed veteran financier Zhu Hexin as the State Administration of Foreign Exchange’s party group chief, succeeding Pan Gongsheng, who became central bank governor in July.
Read more China Names New Forex Chief Amid Leadership Reshuffle at Top Financial Regulators
Contact reporter Qing Na (qingna@caixin.com) and editor Jonathan Breen (jonathanbreen@caixin.com)
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