China to appoint new securities mkt chief

China is set to replace the head of its stock and derivatives markets regulatory body with the vice-mayor of the southwestern city of Chongqing, a Government source familiar with the situation said on Wednesday, according to Sify Finance.

Shang Fulin, who took over from Zhou Xiaochuan, who now heads the People's Bank of China, as head of the China Securities Regulatory Commission less than two years ago, would be appointed to the China Banking Regulatory Commission, the source said.

The Government

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