China is expected to appoint a senior securities official to head its second-largest bourse as the securities regulator reshuffled its leadership.
A woman walks by the gate of the Shenzhen Stock Exchange on Aug. 20, 2020 in Shenzhen , Guangdong Province of China . China is expected to appoint a senior securities official to head its second-largest bourse, four sources said, filling a role that has been vacant for the unusually long period of seven months as the securities regulator reshuffled its leadership.
Born in 1974, Li has headed the regulator's general office since 2022, overseeing day-to-day operations and managing the administrative affairs of its top leadership, according to one of the sources familiar with the matter and Chinese media. Li's appointment comes after the exchange's former general manager, Sha Yan, was promoted as its Communist Party chief in December.
It is also common practice for CSRC officials to lead one of the main stock exchanges to strengthen their credentials and leadership capabilities before they return to the regulator in a more senior position.Wang, also a CSRC veteran, served as the director of the general office before his tenure at the Shenzhen exchange.
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