"China Appoints New Securities Regulator Amid Stock Market Turmoil"
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.
