Aug 13, 2024 06:36 PM
Securities Watchdog Official Named Head of Shenzhen Exchange
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Li Jizun. Photo: VCG
China has appointed an official of the country’s top securities watchdog as president of the Shenzhen Stock Exchange, according to a statement from the bourse Monday, setting off a personnel reshuffle at the China Securities Regulatory Commission (CSRC).
Li Jizun filled the post vacated by Sha Yan, who has been promoted to chair of the exchange.
Li, 49, is a veteran state official. He started working at the research office of the State Council, China’s cabinet, in 2005 and subsequently held multiple positions with responsibilities centered around economic research.
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- Li Jizun has been appointed president of the Shenzhen Stock Exchange, succeeding Sha Yan who was promoted to chair.
- Zhang Wangjun replaces Li Jizun’s role at the CSRC, with Kong Qingwen taking over Zhang’s previous position.
- Luo Kai is appointed head of CSRC’s Department of Technology Supervision, succeeding Yao Qian who faced a corruption investigation.
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Who’s Who
- China Securities Depository and Clearing Corporation Limited
- China Securities Depository and Clearing Corporation Limited is a state-owned securities settlement service provider overseen by the China Securities Regulatory Commission (CSRC). Kong Qingwen, a former general manager of the company, is noted for his extensive experience in the securities industry.
- China Securities Information Technology Service Co. Ltd.
- China Securities Information Technology Service Co. Ltd. is an entity involved in the development of securities regulatory information systems and the informatization of the securities and futures industries. Luo Kai, a former chairman of this company, has been appointed as the new head of the CSRC’s Department of Technology Supervision, succeeding Yao Qian who was involved in a corruption investigation in April.
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What Happened When
- 2005：
- Li Jizun started working at the research office of the State Council, China’s cabinet.
- Late 2016：
- Li Jizun moved to the China Securities Regulatory Commission (CSRC).
- 2019：
- Li Jizun led the CSRC office responsible for deepening capital market reform, which was set up.
- 2022：
- Li Jizun became head of the CSRC’s General Office.
- April 2024：
- Yao Qian was ensnared in a corruption investigation.
- Before August 12, 2024：
- Sha Yan was promoted to chair of the Shenzhen Stock Exchange.
- August 12, 2024：
- China appointed Li Jizun as president of the Shenzhen Stock Exchange.
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