Feb 07, 2024 07:09 PM

FINANCE

China Names New Chief of Securities Watchdog Amid Stock Slump

By Kelsey Cheng and Lin Jinbing

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Wu Qing has been appointed chairman of the CSRC. Photo: VCG

Wu Qing has been appointed chairman of the CSRC. Photo: VCG

Wu Qing, a deputy chief of Shanghai’s Communist Party committee, has been named chairman of China’s top securities regulator amid a protracted stock market rout.

The 58-year-old financial veteran has taken over the reins of the China Securities Regulatory Commission (CSRC) from Yi Huiman, who led the commission for five years, the state-run Xinhua News Agency reported Wednesday.

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