New chief supervisor to stop stock marke • Table.Briefings

Die Börsenaufsicht CSRC in Peking bekommt nach dem Absturz der chinesischen Aktienmärkte einen neuen Chef. — The securities regulator CSRC in Beijing is getting a new chief following the plunge of the Chinese stock markets.

For months, China’s stock markets have been on a downward trend. Now, a change at the helm of securities regulation is expected to lift sentiment. Indeed, similar measures in the past have boosted stock prices twice.

Beijing has unexpectedly replaced the head of its powerful securities regulator. The personnel decision is the strongest response so far to the ongoing crisis in the Chinese stock market. According to the state news agency Xinhua, Wu Qing, the former vice mayor of Shanghai, has taken over as the head of the China Securities Regulatory Commission (CSRC), succeeding Yi Huiman.

New chief supervisor to stop stock market crash

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