Sun, Feb 21, 2016 - Page 13 News List

China to dismiss securities regulator

‘CIRCUIT Breaker’:Since the early closure of the Shanghai and Shenzhen exchanges twice last month by Xiao Gang, there have been calls for his removal from the CSRC

AFP, BEIJING

However, on Weibo yesterday, commentators, using a play on the new appointee’s name, wondered if Liu’s tenure would bring a “bull market” or leave behind a “dead fish.”

In recent years, AgBank has experienced its own share of troubles.

In December last year, the bank's president resigned for “personal reasons” amid reports that he had been questioned in connection with a corruption investigation.

Last month, Chinese media reported that two junior employees at a Beijing branch of the bank stole bills worth 3.9 billion yuan (US$598 million), sold them, then used the proceeds to invest in the stock market — sustaining huge losses during last year's crash.

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