Reports of CSRC head's exit spark concerns

Reports that China Securities Regulatory Commission chairman Guo Shuqing is set to become the governor of Shandong province have raised concerns in the investment industry. When asked to confirm whether Guo's move is imminent, a CSRC spokesperson denied any knowledge of his planned departure, although it has been reported by numerous sources. Mainland asset managers are anxious of the effect this would have on the market, given that Guo is credited with bringing in major capital…