"China Appoints New Securities Regulator Amid Stock Market Turmoil"
TL;DR Summary
China has replaced the head of its securities regulator amid public anger over the stock market meltdown, appointing banking veteran Wu Qing to lead the China Securities Regulatory Commission. Chinese stock markets have stabilized this week after a dire 2023, with officials scrambling to address the market rout and Central Huijin Investment stepping up share buying. Despite recent gains, underlying economic challenges persist, including weak demand, deflationary pressures, a crashed real estate sector, and rising trade tensions with the United States.
- China replaces head of securities regulator after stock market meltdown CNN
- China Replaces Top Markets Regulator as Xi Tries to End Rout Bloomberg
- China appoints 'Broker Butcher' Wu Qing as new chairman of securities regulator CNBC
- Developing | China, wary of stock market downturn, appoints new regulatory chief South China Morning Post
- China, Battling a Stock-Market Rout, Replaces Its Top Securities Regulator The Wall Street Journal
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