China has dismissed Yi Huiman and appointed Wu Qing, a banking veteran and deputy chief of Shanghai's Communist Party committee, as the new head of the China Securities Regulatory Commission (CSRC). This move comes amid a significant downturn in the Chinese stock market. Known for his tough regulatory approach and nicknamed 'Broker Butcher,' Wu Qing previously managed the Shanghai stock exchange during the 2016-2017 meltdown. His appointment signals a potential shift towards more forceful measures by Xi Jinping's government to stabilize the $8 trillion stock market, which has been experiencing a protracted rout.
China’s stockmarket nightmare is nowhere near over https://t.co/eRCTxqQqZY from @TheEconomist
China is now taking a bunch of measures to try and turn around stock market and keep investors from leaving.. XI appointed this guy they call "the Broker Butcher" bc he shuttered 31 firms (25% of industry!) for violations last time he was in govt) to help cause..… https://t.co/5AscY7FmQQ https://t.co/1PyN0YbxCb
This year investors in Chinese stocks have been on a hair-raising ride. Far from embracing the need for broad change, Xi Jinping is making things worse https://t.co/x4yb4ksOIT https://t.co/yd9dRhRZFb
The head of the China Securities Regulatory Commission has been suddenly fired and replaced. He is not the first official to fall after a period of plummeting stock prices. But this time feels different https://t.co/jrYeF26Ccm Illustration: Álvaro Bernis https://t.co/HOiRR4UIa1
After weeks of stockmarket instability the head of the China Securities Regulatory Commission was suddenly fired and replaced. He is not the first official to fall after a period of plummeting stock prices, but this time feels different https://t.co/b7IXrUciS0 👇
Update on China market rout: China replaced its top markets regulator.. It comes after the authorities struggled to halt a selloff in the stock market with piecemeal support measures over the past few months. Full story: https://t.co/VG83TIoPE0 https://t.co/em54ifhHbA
let's be honest, it could have been worse China removes head of market regulator as it battles stock meltdown https://t.co/Dcg3ZyMjQx
China jettisons securities watchdog head as Beijing battles turmoil https://t.co/8pkAIFRTPR
Breaking and Update: Xi Jinping just found a fix for the ever-dropping Chinese #StockMarket: Hiring a police chief as the new chairman for the China #Securities Regulatory Commission. Wu Qing (吴清), former Deputy Secretary of the #Shanghai CCP Committee and Secretary of the… https://t.co/8R0nqumBsc https://t.co/UCNbsMcHTJ
"#China has replaced the head of its securities regulator, a surprise move that may foreshadow more forceful measures by Xi to end the stock mkt rout...Wu Qing, a regulation veteran known as “the broker butcher,” is replacing Yi Huiman as chairman of CSRC" https://t.co/Yziaa0NYpS
China has removed its top securities regulator following a yearslong stock-market decline that has become an increasingly sensitive subject for Beijing officials in recent days https://t.co/Kc7hLsUSTU https://t.co/Kc7hLsUSTU
China removes head of market regulator as it battles stock meltdown https://t.co/FulcFCHO6y
China Replaces Top Markets Regulator as Xi Tries to End Stock Market Rout — removes current Head of Securities Regulator (the CSRC) one trading day ahead of Lunar New Year…another one bites the dust 👇 Don’t get excited now folks @Jkylebass https://t.co/0lXWJXJnRT
China, Battling a Stock-Market Rout, Replaces Its Top Securities Regulator—Beijing is intensifying efforts to stem a painful slump in share prices @RebeccaYFeng https://t.co/sZOR3pwOrW https://t.co/sZOR3pwOrW
China Replaces Top Markets Regulator as Xi Tries to End Rout - BBG https://t.co/gHcELd8kNy
China appoints 'Broker Butcher' Wu Qing as new chairman of securities regulator https://t.co/Jkw1WjTdID
Wu Qing, a deputy chief of Shanghai’s Communist Party committee, has been named chairman of China’s top securities regulator amid a protracted stock market rout. https://t.co/u2b3cAXrJK
Bloomberg: "China replaced the head of its securities regulator, a surprise move that may foreshadow more forceful measures by Xi Jinping’s government to end the rout in the country’s $8 trillion stock market." https://t.co/QZapfTDh1j via @markets
New #stocks chief Wu nicknamed “Broker Butcher” in securities industry. Praised in #China media for tough style, harsh crackdowns on alleged illegal securities activities. Was in charge of Shanghai stock exchange 2016-2017 post meltdown. Called finance self-policing “unreliable”. https://t.co/GjJci3eXnd
NEW - China removes top financial regulator chief: state media https://t.co/uP2sxHPul4
China replaces head of securities regulator amid market turmoil https://t.co/POnEYJQZEO https://t.co/xONyIuSral
China ousts securities regulator after stock-market slide https://t.co/MSzW2U1Ch2
China removes its securities regulator after slide in the stock market https://t.co/34QAaUTksp
#Breaking Yi Huiman was dismissed as the Chairman of the China Securities Regulatory Commission, following a significant downturn in the Chinese #stockmarket in the past week. #china https://t.co/orWUzJrgSf
China replaced the head of its securities regulator in a surprise move amid a sharp selloff in the nation’s stock markets. Wu Qing, a banking veteran, was named as head of the China Securities Regulatory Commission, according to Xinhua News service. https://t.co/1sb5Ed41BV
#China has removed the head of the #stocks regulator Yi Huiman from his position, state media announce. Xinhua news agency reports banking veteran Wu Qing is now chair of China Securities Regulatory Commission. https://t.co/xbHj4CIj4Q
换人了! China Replaces Head of Securities Regulator in Surprise Move https://t.co/YdzbDhplph
#BREAKING China appoints Wu Qing as head of top securities regulator CSRC, replacing Yi Huiman - official Xinhua News Agency
Guess he will be Wu Qing hard to prop up the market… *CHINA NAMES WU QING NEW SECURITIES REGULATOR HEAD TO REPLACE YI
China Stocks Surge After Beijing Announces New Measures, Xi Jinping Steps In Chinese equity markets rebounded strongly on Tuesday after pledges of support from government and agency officials followed recent market routs that took several main indexes to five-year lows. At the… https://t.co/8zTjIqLxLH
📉 China's market turbulence deepens CSI 1000 drops 6%, while CSI 100 (tracking top 100 stocks) rises 1%. Government intervention saves large caps like China Citic Bank $CHCJY (up 4.4%), but small caps struggle—30% suspended at a 10% loss. Beijing pledges stability, suspends… https://t.co/GexvoVzWq0