China has appointed a new chairman of its securities regulator amid ongoing stock market troubles.
Wu Qing has been appointed by the State Council – China’s highest administrative body – as the chairman of the China Securities Regulatory Commission (CSRC), according to a report by Hong Kong government media outlet «RTHK». He was also named Communist Party chief of the CSRC.
Wu, 59, was deputy party chief of Shanghai prior to the latest appointment and he previously headed the Shanghai Stock Exchange between 2016 and 2017. He succeeds Yi Huiman who was appointed CSRC chairman in 2019.
