Huang Qifan to Replace Shang Fulin as CSRC Chairman
September 16th, 2004Shang Fulin will leave the CSRC, and Huang Qifan will become its new chairman according to this report in the Financial Times and this report in the South China Morning Post.
Today the market continued to rally. Apparently investors expect that market-boosting policies are in the offing.
Shang never charmed me, but as one PRC source told the FT, “Simply appointing a new boss doesn’t get to the point. What really works is a radical reformation of the system.” Precisely.