Sources: Securities regulator tipped for provincial head

Beijing is poised to name the country’s chief securities regulator Guo Shuqing as the next governor of Shandong, a coastal province in northern China, South China Morning Post reported. The seemingly lateral move from a major central government agency to a top post in a major industrial and agricultural province could be an effort to groom him for higher leadership, the Beijing-based source said. “He is believed to be a favorite candidate by the top state leaders to lead the country’s financial policies in the future. The new post is of benefit to his rise,” the source said. The current governor of Shandong, Jiang Deming, is tipped to become minister of land and resources.