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CSRC Leadership Switched After Meetings With Xi Jinping

CHINA
  • Chinese state media confirms that China have removed Yi Huiman as head of the securities regulator, appointing Wu Qing in place .
  • Change in personnel at the CSRC follows Xi Jinping's meetings with stock market regulators earlier this week - news which had provided markets with another dose of heightened expectations for a more solid rescue plan for Chinese markets. Markets will be on watch for any policy changes that could accompany the switch in leadership

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