China's new securities regulator must implement wide-ranging reforms to revive flagging market fortunes
2019-01-28 09:48:31 source：South China Morning Post
January 28, 2019
The new head of China’s securities regulator has the unenviable task of overseeing a stock market that is in dire need of reforms as it struggles to claw its way out of its worst slump in a decade.
The role of Yi Huiman, the former chairman of Industrial and Commercial Bank of China, is by no means going to be easy, according to analysts who say that he will need to introduce wide-ranging reforms, such as encourage listings of home-grown hi-tech companies, relax restrictions on derivatives and increase the representation of Chinese stocks in global indices through further opening up.
Yi, 54, replaces Liu Shiyu, who took the post in February 2016 to deal with the aftermath of a 2015 stock turmoil that wiped out around US$5 trillion in market capitalisation.
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