Exclusive-China securities official expected to lead Shenzhen stock exchange, say sources
-China is expected to appoint a senior securities official to head its second-largest bourse, four sources said, filling a role that has been vacant for the unusually long period of seven months as the securities regulator reshuffled its leadership.
Born in 1974, Li has headed the regulator's general office since 2022, overseeing day-to-day operations and managing the administrative affairs of its top leadership, according to one of the sources familiar with the matter and Chinese media. Li's appointment comes after the exchange's former general manager, Sha Yan, was promoted as its Communist Party chief in December.
It is also common practice for CSRC officials to lead one of the main stock exchanges to strengthen their credentials and leadership capabilities before they return to the regulator in a more senior position. Shenzhen is a key tech and manufacturing hub, and its exchange has had a key role in raising funds for companies in the tech and healthcare sectors.
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