In response to a stock market meltdown, Beijing has appointed a capital markets veteran, known as the 'broker butcher,' as the new head of its securities regulation. This move, which involved firing the previous securities watchdog head, underscores President Xi Jinping's focus on maintaining control over China's tumultuous financial markets. The incoming chief, 'Firefighter' Wu, is expected to manage the market challenges with a powerful bureaucratic approach.
'Firefighter' Wu becomes China's market regulator after rout https://t.co/0QtrK7F6NW https://t.co/0wYpyiCM4P
Who is Xi Jinping's new securities regulator chief? What you need to know about the powerful bureaucrat nicknamed the "broker butcher" https://t.co/wXstFDSCZb
Xi just fired China's top markets regulator. It shows his focus is still on control above all else. https://t.co/d89Yziklss
Who is Xi Jinping's new securities regulator chief? What you need to know about the powerful bureaucrat nicknamed the “broker butcher" https://t.co/tPBqtWuZ6l
China jettisons securities watchdog head as Beijing battles turmoil https://t.co/8pkAIFRTPR
Beijing Appoints Capital Markets Veteran As Regulatory Chief Amid Stock Meltdown https://t.co/k0dzBMLEqS