Chinese government replaces head of securities regulator

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In a surprise move, China has replaced the head of its securities regulator following a sharp selloff in the country’s stock markets over recent months.

Wu Qing has taken over from Yi Huiman as chairman and secretary of the Communist party committee of the China Securities Regulatory Commission (CSRC), state media reported today (February 7).

The CSI 300 index, which tracks the top companies on the Shanghai and Shenzhen exchanges, has fallen more than 40% from its peak in February 2021. The index

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