He replaced Yi Huiman, who presided over months of turmoil as share markets slumped, losing trillions of dollars of value.
Earlier this week, the CSRC said that it was cracking down on insider trading, market manipulation and other crimes and would protect small investors.
A state investment fund pledged to step up buying of exchange-traded funds and regulators also imposed limits on short-selling.
Prolonged weakness in the property market and share prices has dented consumer confidence, hindering that transition.
Given the selloff in the stock market, “many could be tempted to take their loss and walk away in the slightest recovery.
Persons:
Wu Qing, Yi Huiman, Swissquote, Wu, “, Xi Jinping, ” Ozkardeskaya
Organizations:
Shanghai Stock Exchange, Communist Party, China Securities Regulatory Commission, Xinhua News Agency, Investors, ”, Authorities
Locations:
BANGKOK, Wu, China, Shanghai, Shenzhen, Beijing