Who Is China’s New Securities Regulator, the ‘Broker Butcher’
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China surprised investors when it unexpectedly named Wu Qing, a 58-year-old market veteran, as the new chairman and Communist Party chief of the nation’s securities regulator. The abrupt appointment — coming just one day before markets close for the Chinese New Year holidays — underscores the urgency Beijing sees in addressing a stubborn rout in the country’s $8 trillion stock market.
Here’s what we know about this key move in the world’s second-biggest economy.