US EditionChina replaces head of securities regulator amid market turmoil
- China has replaced the head of its securities regulator, Yi Huiman, with Wu Qing, amid struggles to stabilize the stock market.
- Wu Qing, a former chair of the Shanghai Stock Exchange, is known for being tough on market misbehavior. He replaces Yi Huiman, who presided over months of turmoil in the market.
- The Chinese stock market has been trading near five-year lows, causing pessimism among investors. Heavy selling of property shares has further worsened the market's challenges.
37 Articles
37 Articles
China names a new stock regulator and reports new developer financing in a bid to soothe markets
By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Shares have risen in China after Beijing ousted its top stock market regulator and announced more funding for hard-strapped property developers. Investors appeared to give a warm welcome to Wu Qing. The industry veteran has a reputation for being tough on market misbehavior. He was named chairman and Communist Party chief of the China Securities Regulatory Commission on Thursday. State media…
Associated Press News
China names a new stock regulator and reports new developer financing in a bid to soothe markets
BANGKOK (AP) — Chinese shares rose Thursday as investors appeared to welcome Beijing’s choice of an industry veteran to head its securities watchdog, in its latest effort to boost confidence in ailing markets. Wu Qing, a former chair of the Shanghai Stock Exchange with a reputation for being tough on market misbehavior, was named chairman […]
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