International Business News: Learn about Wu Qing, China’s new securities regulator and Communist Party chief, known as the ‘Broker Butcher’. Explore his background, challenges, and impact on the stock market.
Staffers at China’s main securities regulator had been working around the clock for weeks on ways to prop up the nation’s tumbling stock market when the bombshell dropped. Late Wednesday, the official Xinhua News Agency reported that their boss Yi Huiman had been ousted, becoming the biggest Communist Party casualty…
Wu Qing, nicknamed the Broker Butcher , has years of political and financial experience and important ties to China s No. 2 official, Premier Li Qiang. He faces the challenging task of boosting China s stock market and attracting foreign financial firms.