Securities Regulator Steps Down

Jan 18: China's chief stock regulator has offered to resign - sources
Jan 19: CSRC Says Report about Xiao Gang Offering to Resign Is Wrong
Feb 19: China's top market regulator is reportedly stepping down
Xiao Gang, chairman of the China Securities Regulatory Commission, is stepping down from his post, Chinese officials with direct knowledge of the situation told the Wall Street Journal.

...He was the architect behind China's circuit breaker system that was heavily criticized when the Shanghai Composite suffered heavy losses at the start of 2016.
Maybe it is a bad omen to make a scapegoat resign during the Year of the Goat.

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