He served in the army from 1969 to 1973. In 1993 he attended the Southwestern University of Finance and Economics, where he earned a doctorate in finance.
Shang brings 20 years in the banking sector to China’s Securities Regulation Commission. After serving in the army for four years and working for the Bank of China for five years, Shang pursued a university degree in finance from the Beijing Finance and Trade College. He went on to serve in numerous different banking management roles until 1993, when he attended the Southwestern University of Finance and Economics, where he earned a doctorate in finance. Dedicated to public service, Shang is a party member and has served several times over the course of his career in various political roles, culminating with his current role as a member of the Central Planning Committee.
Shang is directly involved in the systemic reform of China’s investment, market, and corporate governance systems. A believer in both the power of financial investment and balanced development investment, Shang has repeatedly vowed to embrace and promote market-oriented strategies for China’s investment markets. He continues to face the great responsibility of developing and implementing strategies that have to meet the growing pressures of double-digit growth and the differing pace of development in key sectors throughout the domestic economy. Shang must concurrently balance the many critical state goals inherent in his position, such as the promotion of financial markets, the diversification of investment instruments, the nurturing of institutional investors, and the establishment of a multilayer market system, all while maintaining a position as the last word on corporate governance.
Shang Fulin joined the Communist Party of China in July 1971.