‘Broker Butcher’ Set to Be China’s Top Securities Regulator (1)

Wu Qing, a 57-year-old who earned the nickname “the broker butcher” for cracking down on traders in the mid-2000s, is slated to become the head of the nation’s securities regulator.

Wu, now the vice mayor of Shanghai, is poised to replace Yi Huiman as chairman of the China Securities Regulatory Commission, a person familiar with the move said, asking not to be identified discussing private information. Yi, in charge of the CSRC since 2019, will oversee the banking and insurance sector.

Wu Qing

Photographer: Xu Xiang/China SCIO

Wu is no stranger to markets. Before becoming vice mayor of the financial hub in 2018, ...