BEIJING: China has replaced the head of its securities regulator, the official Xinhua news agency said on Wednesday, as policymakers struggle to stabilise the country's main stock indexes after a plunge to five-year lows.
The cabinet removed Yi Huiman as chairman of the China Securities Regulatory Commission (CSRC), replacing him with Wu Qing, a veteran securities regulator who had led the Shanghai Stock Exchange and served as a key deputy in Shanghai's municipal government, Xinhua said.
