Guo Tingting has been appointed as China's new vice finance minister, according to the State Council. Previously serving as the vice minister of commerce, Guo's appointment aligns with broader efforts by the Chinese government to strengthen its finance sector, particularly in light of a new anti-corruption initiative. This comes amid other significant personnel changes, including the appointment of a new deputy party chief in Shanghai and the guilty plea of a former executive from Taiping Life Insurance in an $11 million graft case. These developments reflect ongoing efforts to enhance governance within China's financial landscape.