Securities Regulatory Veteran Picked to Head Shenzhen Bourse

Chen Huaping, a senior official at the China Securities Regulatory Commission (CSRC), has been named Communist Party committee chief of the Shenzhen Stock Exchange, the CSRC and the Shenzhen bourse announced on Monday.

Following a nomination process, Chen is expected to become chairman of the bourse, sources with knowledge told Caixin. He may be tasked with further developing the Nasdaq-style ChiNext board to compete with the similarly positioned STAR Market in Shanghai, industry insiders said.