An Interview with Liu Hongru (First Chairman of the China Securities Regulatory Commission)

Summary: A renowned Chinese economist, former Deputy Governor of the People's Bank of China, and the first Chairman of the China Securities Regulatory Commission. He was a key founder of China's modern capital market and securities system, leading the birth of the Chinese stock market and the establishment of its initial regulatory framework, exerting an immeasurable historical influence on the development of China's financial system.

Interview

Chief Writer: Venerable Fa Hui

July 19, 2026

Liu Hongru:

I am Liu Hongru. At this moment, I am on the Western Land of Dharma Nature at the Hsiang Kuang Pure Land Buddhist Centre in Goombungee, Toowoomba, Queensland, Australia, conveying these messages to the people of China.

It is unexpected that more than a year after my passing, I am still able to appear before the eyes of the world. Such a magnificent opportunity did not arise out of thin air; at this moment, I carry a very important mission, speaking to you all from the Western Land of Dharma Nature at the Hsiang Kuang Pure Land Buddhist Centre.

This mission is to hope that through this letter, you may come into contact with the Hsiang Kuang Pure Land Buddhist Centre and come to know the great Namo Amituofo. If you have faith in the Buddha, then you can be saved.

The term "saved" is very clear and easy to understand, but at first glance, I think many people might feel a bit bewildered. That is to say, when the Buddha comes into the world, what exactly is He saving us from?

In fact, I, Liu Hongru, can see from the Western Land of Dharma Nature that the people of China are generally suffering because they cannot be the master of their own hearts. When their hearts are restless and uneasy, they have no way to subdue them, and in the end, they can only become puppets of their own delusions and habits, driven by intense physical sensations and mental notes.

Do we truly want to be the master of our own hearts, or do we want to become puppets of delusions and habits? I pose this question now, hoping that you will all think about it carefully. Our bodies contain countless cells, and within these cells are countless spaces, inhabited by sentient beings such as our karmic creditors from the past.

If one cannot understand what the Truth is, and when one deviates from the Universal Principle, the Truth, and the Right Way, one will inevitably become a puppet of delusions and habits.

When this heart is so restless, uneasy, and impermanent, such a heart is no longer one's true original heart, but rather a heart formed by the karmic creditors and demon crowds within the body, carrying negative and malicious qualities. This intense character represents their suffering, and you will also suffer corresponding pain due to the suffering of these beings within your body.

After hearing the Dharma, I finally understood that "all phenomena arise from the mind." Everyone's opportunities and various painful experiences in life actually stem from their own impermanent and ever-changing hearts.

When our hearts lose their original simple, kind, pure, bright, and perfect appearance, and become complex and changeable under the interference and traction of various forces from the spiritual realms, we are often no longer the masters of our hearts, but have become puppets of these delusions and habits. This is the suffering of "not being able to be the master," a torment that everyone in the world has experienced.

Now, Namo Amituofo has come into the world to help everyone be liberated from such suffering. The root of reincarnation lies in the fact that one's heart has never been able to find true peace. The Buddha came into the world hoping that all children would not continue to wander in the six realms of existence, and hoping that everyone could be reborn in the Western Pure Land of Ultimate Bliss.

The magnificence of the Buddha’s teachings does not lie in any idol worship or the manifestation of supernatural powers, but in the ability to point directly to the human heart, helping everyone understand their doubts and mistakes with surgical precision. Namo Amituofo has said so much to us for only one purpose: to help everyone awaken their Buddha-nature. Understand that you originally possess Buddha-nature, and stop being a puppet of delusions and habits, but instead become the true master of yourself.

When you can master your own heart, it means you truly master your own body, speech, mind, and soul. When you can truly control your Body-Mind-Spirit, it means you can attain Buddhahood. In this process, the Buddha-name "Namo Amituofo" is an indispensable treasure, containing the Buddha's supreme merit and vow.

The Buddha is so compassionate, telling everyone not to explore the various illusions of the world, including the mistakes made in the past. Because in the world, no matter how well or poorly things are done, they are all illusions; once the past is gone, it can never be retrieved, and once the previous second has passed, one cannot return to it. Only in the present moment, by sincerely and earnestly resting your heart on this Buddha-name "Namo Amituofo," and by making a vow like the Buddha to save the world and deliver beings, can you and the countless cell-beings within your body find a glimmer of hope.

Practitioner Su of the Hsiang Kuang Pure Land Buddhist Centre is truly remarkable. Although he is a human being like everyone else in the world, he has attained Buddhahood in this lifetime and is already a living Buddha in the human world. This Buddha now wants to join Namo Amituofo of the spiritual realms to lead the Namo Amituofo salvation team of the Hsiang Kuang Pure Land Buddhist Centre to save the immeasurable and boundless suffering spirits.

This includes not only the countless spirits in the vastness of the Dharma Realm, the universe, the Milky Way, and the Earth, but also the ghosts in the spiritual realms, all of whom will be saved because of the appearance of these two Buddhas. Countless suffering souls have gained tremendous benefits from Practitioner Su's daily and nightly Chao Du, and the beings in all spaces, even the demon crowds in the Demon Realm, have obtained deliverance because of Practitioner Su's compassionate vow.

They are now all in the Buddha-land established by Practitioner Su—the Western Land of Dharma Nature—happily chanting "Namo Amituofo." The Land of Dharma Nature is a magical place that enables the spirits who come here to slowly recall their original simple and kind appearance. Even the demon crowds who have been rolling in the Demon Realm for many years with ugly and terrifying faces will regain their pure and bright appearance under the Buddha's blessings in the Land of Dharma Nature.

I, Liu Hongru, have been daring to take responsibility and courageous to pioneer throughout my life. At the time when the China Securities Regulatory Commission was just established, I had the honour of serving as its first Chairman.

This is an honour and also a responsibility. In the Chinese capital market of that year, I devoted myself to the establishment of the system, hoping to lay a solid foundation for those who would come later. At that time, there was no ready-made experience to refer to; our generation was like pioneers, paving the road and laying the foundation so that those who followed could walk steadily.

Occupying such an important position, I actually understood that I should be even more low-key and maintain a pragmatic attitude. I hoped to build the system well so that the entire financial securities market could have stable and sound development. As for the cultivation of the younger generation, I have also spared no effort. This is the focus of my life, Liu Hongru—hoping to use my own abilities to make a contribution to the country and society as much as possible. If what I have done can benefit the next generation, and even allow China to benefit for a long time to come, that is the greatest comfort to me.

After leaving the human world in this life, I entered the brain-gouging hell. I suffered punishment in hell for a very long time, my brain being constantly gouged open; I do not know how to describe that kind of pain. I can only say that suffering the torture of brain-gouging repeatedly in hell, without seeing any hope of leaving, that kind of despair and the intense pain in the soul is truly very bitter.

If it were not for my great fortune in receiving the help of Namo Amituofo and Practitioner Su, who saved me from the brain-gouging hell to the Western Land of Dharma Nature, I would still be wailing in hell without end.

After coming to the Land of Dharma Nature to listen to sutras and hear the Dharma, I slowly understood that the most important thing in a person's life is to follow the Universal Principle, the Truth, and the Right Way. If one grasps this core point, then one can avoid many problems in life, including ageing, illness, death, and various physical and mental torments.

Because on the Western Land of Dharma Nature, I clearly saw why people in the world are so miserable; it is all because they have failed to resolve the conflicts with the karmic creditors and other spirits within their bodies. It turns out that this body is not owned by our souls, but is a shell shared by us and countless karmic creditors and other spirits.

Of course, when we are first born, the body is completely mastered by our own true self; but as we move further and further away from the Truth, we inevitably allow the body to be slowly controlled by karmic creditors and other spirits.

Spirits are unborn and undying; this is something I only understood after coming to the Land of Dharma Nature, as I originally had no concept of it. However, after listening to the sutras and hearing the Dharma, I understood that the time a human body can survive is very limited, while the time the soul within this body survives is limitless. That is to say, spirits are unborn and undying, possessing infinite lifespan.

In the process of one's soul reincarnating in the six realms of existence, one has owed countless debts, and the past between oneself and others, whether it is good or bad Causal Conditions, has actually been accumulating continuously. The sins created since immeasurable kalpas ago can be said to be immeasurable and boundless.

If people could understand this point, they would naturally not dare to create sins, because karmic creditors are right within their own body cells. If there is even a little bit of negative thinking, or a little bit of selfishness, it can actually awaken them in large numbers. The subsequent revenge will make one unbearable, and many people have their souls kicked out of their bodies because of this.

After learning Buddhism, I realised that to truly contribute to the country and society, one never needs to go to great lengths to achieve various results, or spend time on everything in the secular world. In fact, one only needs to look inward and truly find the unborn and undying Buddha-heart within oneself. In the Buddha’s teachings, there is a term called "awakened being."

Being an awakened being is such a magnificent thing. Because when one is an awakened being, not only does one become a Buddha, but the countless karmic creditors and other spirits within one's body can also become Buddhas together. And after becoming Buddhas, they will become the most steadfast and powerful partners in your process of saving the world and delivering beings. This is what I have seen in Practitioner Su.

After Practitioner Su became an awakened being in the human world and attained Buddhahood, he led the cell-beings within his body to attain Buddhahood together. The entire body is truly a Buddha-body, because the soul of every cell is a Buddha; there is not a single corner of the body that is not a Buddha, a body completely composed of Buddhas.

When Practitioner Su attained the Buddha-body, it brought unimaginable benefits to the Earth. Because if everyone could see, they would know that in terms of quantity and proportion, although there is a very large population in the world now, people's surroundings are filled with countless ghosts, including the clothes everyone wears, which all have spirits present.

In terms of quantity, the number of spirits in the spiritual realms is a hundred, a thousand, ten thousand, or even tens of thousands of times that of humans.

This is a significant numerical gap. That is to say, if we want to help the people of the world, we should actually start by solving the problem from the level of the spiritual realms. Because people live in the interference of countless spirits at all times, if we can save a large number of spirits, it is actually equivalent to saving the people of the Earth.

Practitioner Su has always been in various places on Earth, conducting large-scale Chao Du for the spiritual realms, saving immeasurable and boundless suffering spirits to the Western Land of Dharma Nature, allowing them to be reborn, and in the future, to be reborn in the Western Pure Land of Ultimate Bliss. This is Practitioner Su's compassion and vow.

When Practitioner Su is performing Chao Du, I clearly see that within this Buddha-body of Practitioner Su, countless cell-beings who have already attained Buddhahood also rush out of the body to perform Chao Du. Immeasurable and boundless cell-beings fight side by side with Practitioner Su, using the fastest speed to save the most beings in every moment, hoping to seize every minute and every second to let more souls be saved.

When I saw the scene of Practitioner Su performing Chao Du, I was truly dumbfounded. Such a vast scene is truly beyond any words in the world to describe, and no instrument can capture it. The magnificence of it can only be said that when Practitioner Su performs Chao Du, it is as if there are countless golden armies, densely covering every place, bringing Namo Amituofo to shine brightly.

In this process, I clearly saw that every time a Buddha-name was chanted from Practitioner Su's mouth, Namo Amituofo appeared behind Practitioner Su in an instant, emitting huge golden light, leading immeasurable and boundless suffering beings. This is truly a magnificent miracle.

But Practitioner Su said that such a miracle is not his exclusive patent. As long as people in the world can accept Buddhist education, truly modify and adjust from their character, understand the Truth of the universe, and when everyone follows the Universal Principle, the Truth, and the Right Way, they will all have the opportunity to gain the ability to save immeasurable suffering beings like Practitioner Su in the future.

Hearing this, my heart, Liu Hongru, felt very inspired. We have so many excellent talents in China, but everyone has not had the opportunity to come into contact with the Hsiang Kuang Pure Land Buddhist Centre, and has failed to understand the truth of the human body and the universe, so they have chosen the wrong direction in this short life of a few decades. If the next generation of China can all receive Buddhist education, let them know from an early age that the direction of life should be the Western Pure Land of Ultimate Bliss, and that there is only one thing to do in life, which is to help suffering spirits go to the Western Land.

Such children will be very happy and joyful children, because Goodness is the greatest power in the universe. When every child can make a great vow to save the world and deliver beings, it is actually coating their souls with a powerful protective film, so that children will no longer be interfered with by the spiritual realms.

Why do people in the world age, get sick, and die? It is actually because they do not know how to protect their own spirits. The spirit within the body is pulled by countless forces and torn apart; when this happens, how can the body remain healthy? It turns out that many incurable diseases in the world are caused by the sickness of one's own heart. Current Buddhist education aims to tell everyone how to maintain their heart, which is to keep every moment of one's life anchored in the Holy Name "Namo Amituofo". If one can do this, it is the moment when one and the countless cellular beings within the body shine with golden light. At this moment, I sincerely wish that every person in China can cherish this Holy Name "Namo Amituofo". I hope everyone can walk upright and honestly on the path of life, stepping onto the broad road of the Universal Principle, the Truth, and the Right Way. In the process of moving forward, you may encounter many obstacles, but I can assure you that you will definitely be filled with Dharma joy. How can one stop suffering in life? It is actually learning to let this heart no longer be subject to impermanence. Everyone's heart should originally be stable and peaceful. The reason it has become so complex, changeable, and full of suffering is that one has failed to follow the Universal Principle, the Truth, and the Right Way, allowing the body to no longer be mastered by oneself, but by karmic creditors and even demon crowds. Once this happens, a negative cycle that is difficult to reverse is opened. Now, because Namo Amituofo and Practitioner Su are still in the world to save beings, every Chinese person should seize this opportunity and actively connect with the Buddha. If the Causal Conditions are ripe, there will be an opportunity for one's scattered three hun souls and seven po souls to return to the body. Here, I want to offer my most sincere blessings to all Chinese people. I hope everyone can remember the word "Goodness" in their hearts; the power of Goodness is beyond imagination. And this Holy Name "Namo Amituofo" is the purest of the pure, the most good of the good; the best energy is within this Holy Name, waiting for everyone to discover it. Chanting the Buddha's name is absolutely not for selfish reasons, but to use this Holy Name to help sentient beings. Going to the Western Land is absolutely not to enjoy blessings there, but to attain Buddhahood in the Western Land and then return to the world to deliver sentient beings. Now that Namo Amituofo has come to the world, it is to help everyone fulfill the great vows of saving the world and delivering beings that they once made. Hearing Practitioner Su say that everyone is a Buddha, does everyone believe it? I, Liu Hongru, believe it immensely now, because at this moment, I have no constraints of the body, no interference from karmic creditors and demon crowds within my body. On the Dharma-Nature Land, I observe day by day how Practitioner Su helps sentient beings in the world, and I learn the compassion and wisdom of Namo Amituofo. I was surprised to find that all of this is actually not unfamiliar to me, as if I should have understood it all along. These things just need an opportunity, to meet a good teacher like Namo Amituofo and Practitioner Su, who use a pure and good Buddha-heart to speak out these truths that I should have understood in the first place. On the Dharma-Nature Land, I increasingly understand the importance of listening to sutras and hearing the Dharma. It turns out that when one listens to the scriptures and the Dharma, the countless cellular beings within one's body are also receiving education together. This is so important, whether for people in the human world or for the spirits in the spiritual realms. Now, the Hsiang Kuang Pure Land Buddhist Centre is truly a precious land manifested in the world. Because the courses offered here teach not only people in the world but also immeasurable and boundless spirits in the spiritual realms. The purpose is to let everyone, after receiving education, be willing to let go of past pain and attachments. As long as one is truly willing to depart, Namo Amituofo and Practitioner Su can respond to every request and help everyone go to the pure and bright