China's securities watchdog chief visits Paris, Rio amid resignation rumors

China Securities Regulatory Commission said its chairman Wu Qing has visited France and Brazil from Monday to yesterday – a move seen to counter rumors that he was to resign due to health issues.

CSRC said Wu visited Paris and Rio de Janeiro for bilateral meetings with respective national representatives. They exchanged views on securities market regulation in France, the EU and Brazil, and discussed further deepening and expanding pragmatic capital market cooperation.

Previously, Reuters reported that Wu sought approval to step down due to health issues, in what would be an abrupt and unexpected exit for a regulatory head brought in last year to stabilize the country’s stock markets.

Staff reporter and Reuters