China removes Xiao Gang as top securities regulator

China removes Xiao Gang as top securities regulator

China Securities Regulatory Commission Chairman Xiao Gang addresses the Asian Financial Forum in Hong Kong January 19, 2015. REUTERS/Bobby Yip

China has removed Xiao Gang, the head of its securities regulator, from his post, and appointed Liu Shiyu to take on the role, the official Xinhua news agency reported on Saturday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter