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.
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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…
·Panama City, United States
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Total News Sources37
Leaning Left7Leaning Right7Center17Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 23%
C 55%
R 23%
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