Securities regulator gets new chairman

The Communist Party of China Central Committee appointed Wu Qing as Party secretary of the China Securities Regulatory Commission, replacing Yi Huiman, Xinhua News Agency reported late on Wednesday.

Meanwhile, the State Council, China's Cabinet, appointed Wu as chairman of the CSRC, replacing Yi, according to Xinhua.

Wu is the 10th chairman of the CSRC, the country's top securities watchdog, which was founded in 1992.