Li Ming Appointed as Vice Chairman of CSRC

China has appointed Li Ming as the new vice chairman of the China Securities Regulatory Commission (CSRC). Li Ming replaces Fang Xinghai, who will be stepping down from the vice chair position, according to the regulatory body's statement.

China's State Council has announced the appointment of Li Ming as the Vice Chairman of the China Securities Regulatory Commission (CSRC), effective immediately. The announcement was made public by the CSRC on Tuesday.

In a corresponding move, Fang Xinghai will be stepping down from his role as Vice Chair, as confirmed in an official statement from the regulatory body.

This leadership change highlights China's ongoing efforts to strengthen its financial regulatory framework.