Liu Shiyu, the new head of the China Securities Regulatory Commission, will not fare better than his predecessor if his political masters keep him on too tight a leash.
Xiao Gang has been replaced as chairman of the China Securities Regulatory Commission, with his successor facing a number of thorny issues.
The chairman of China's securities watchdog argues for stronger risk controls in and tighter oversight of the funds industry, and acknowledges flaws in its regulatory approach last year.
The decision to scrap the index circuit breaker looks to be a return to pragmatism, but more is needed to convince investors of the “decisiveness” of market forces.
CSRC chief’s job at risk; HKMA fines Indian bank; FSB delays risk assessment protocols; Asic sees strong fintech progress; and SEC to enforce pay ratio disclosure.
Xiao Gang, chairman of China's securities regulator, says mainland companies can expect more flexible rules when it comes to both domestic and overseas listings.