New vice-chairman of securities regulator named

The China Securities Regulatory Commission (CSRC) said it had appointed Yao Gang as a vice-chairman, amid a slew of high-level personnel changes.

Yao was formerly an assistant to CSRC chairman and director of the CSRC public offering supervision department, according to a statement CSRC has posted on its website.

The securities regulator also named Zhu Congjiu, general manager of the Shanghai Stock Exchange, as an assistant to the commission's chairman.

Zhang Yujun, general manager of the Shenzhen Stock Exchange, was appointed general manager of the Shanghai Stock Exchange, and Song Liping was named general manager of the Shenzhen bourse.