(From Caixin Online)
Reuters report that head of securities regulator handed in resignation “does not accord with the facts,” securities regulator says
By staff reporter Liu Caiping
The China Securities Regulatory Commission (CSRC) said on January 18 on its social media account that a “Reuters report about our chairman, Xiao Gang, tendering his resignation does not accord with the facts.”
“We have contacted Reuters and demanded they make a correction,” the regulator said on Weibo, China’s version of Twitter.
It posted the message shortly after the news outlet reported that Xiao had offered to resign. Reuters cited an unnamed source with ties to the leadership as saying that Communist Party decision-makers are “extremely unhappy” with Xiao. The article also cited another unnamed source in the financial industry. Read more