Former PBoC deputy to head up embattled regulator
Central bank veteran Liu Shiyu replaces Xiao Gang as head of China Securities Regulatory Commission
People's Bank of China (PBoC) veteran Liu Shiyu has been appointed head of the country's main securities regulator following a dramatic year that has seen unprecedented volatility in China's stock markets.
Liu replaces Xiao Gang as China Securities Regulatory Commission (CSRC) chairman following a decision by China's state council and the communist party's central committee, state news agency Xinhua reported on February 20.
Liu left the PBoC in 2013 after seven years as deputy governor, and 25
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